The Five Stages of Money (and why we're stuck at stage 4)

Given the pressing needs America and the world now face, which profit-making enterprise has no interest in addressing, the time for Stage 5 money is at hand. We have it in our grasp. The question is: when we will see what it is and how to use it?

Hanging From a Cliff

An analogy explaining the folly of not understanding there is plenty of policy space federally

Last Exit to the Road Less Traveled

"We are no longer at a fork. The fork is half-a-century behind us. The goal is not to get the superhighway to somehow re-route itself and follow the path less traveled."

Why America is Not a Country Club

and why we should look to our board of directors to straighten it out.

Framing a Job Guarantee

Perhaps a point-by-point response to Ms. McArdle’s arguments is a way to begin.  

We Need Strategies for Integrating MMT Knowledge Into Progressive Politics

My purpose here is to spur the development and refinement of the conversation already going on about how to better disseminate knowledge and acceptance of MMT.

Flint, Michigan and Modern Money

While Flint’s problems surely run deeper than its lack of local tax revenue, it’s difficult to overstate what a substantial injection of capital could do for the city. The question: where does Flint “find” the money? Enter Modern Monetary Theory.

Marrying the Social and Economic Revolutions

One of the biggest divides I've seen on the Left is not knowing whether to focus on social issues or economic issues, or believing one is vastly more important and the other is irrelevant.

The Federal Reserve is Not a Private Bank – A Response to Counterpunch

Calling out the omission of facts from a recent Counterpunch article concerning the U.S. Federal Reserve. 

Framing the Progressive Platform

Progressives seem to genuinely wonder why mainstream Americans would object to these proposals. Why would American voters be put off by proposals they’d obviously gain so much real—and in many cases personal—benefit from?

Doing What the Market Can't

While the Market Economy system causes truly wondrous and useful things to be made available to American consumers, there are certain things it fails to provide.

Are You Ready to Consider that Capitalism is NOT the Real Problem?

Capitalism is many things, to many people. "The problem" is not one of them.

Democrats Need A Strategic View

Democrats have a fractured base and credibility problems. They need to do more than just refine their “message” and vote-gathering tactics. In addition to thinking about how they can win, they must think about why they deserve to win. They need an honest explanation of what they think America needs, how they intend to govern, and what they want to accomplish.

Soddy, Fuller and Modern Monetary Theory

By aligning our man-made economic thinking with physical reality, we can lay the path to ongoing human success. This is the promise of Modern Monetary Theory.

The Big Three

So long as progressive leaders are allowed to back-pedal on this topic—to try, somehow, to go forward based on the old economics of “commodity” money—little progress can ever be made to address the Big Three challenges that are growing more formidable every day.

A Comfortable Betrayal

The mainstream voices—the economists and journalists and political leaders—thrive on this question of how to divvy up the pot of “money” that America, by some inexplicable process, has been allocated to have. Staking out positions in this allocation argument is their career and sustenance. To take their argument away (by suggesting the pot of “money” is, in fact, expandable—as needed—by the direct sovereign spending of fiat-currency) threatens to leave them marginalized and irrelevant; even worse: possibly unemployed?

As the Debt Ceiling Approaches, a Fiscal Myth Echoes Across the Landscape of Politics

So, Congress is apparently going to both refuse to officially raise the debt limit, and also repeal the debt limit law, but instead will suspend the debt ceiling until next March, well after the 2018 Congressional elections, where a new Congress will decide whether one of the methods for permanently curing debt ceiling crises will be used to end additional episodes of debt ceiling brinksmanship after March 2019.

End the FEDish: Redirecting Our Anger and Efforts to Save the World

Modern Monetary Theory (MMT) represents a lens from which to view the various operational levers within the macroeconomy. It is simply the observable facts about how the monetary system works. Not "believing in" MMT is, in essence, denying reality.

Another Modest Proposal: The Future of Austerity Politics

The similarities of colonial Britain and the politics in American society today are brought to light by examining a centuries-old satirical essay, A Modest Proposal.

An Open Letter To Progressive Candidates and Incumbents

With the new OCF language, candidates and office holders can give an answer to “How are you gonna pay for it?”

THE SHIFT: Understanding and Using America’s Fiat Money

The importance of this is not simply that the U.S. government no longer must keep enough gold in its vaults to back up its money supply. The importance lies in a profound conceptual shift about what money is—and how a modern, democratic society can use that new understanding to address public needs and pursue collective goals.

Permanent Cures for Debt Ceiling Crises

While our attention is on the chaos and consequences of debt ceiling crises, is a good time to consider how we might eliminate them entirely. Here’s a rundown on the four most important methods one can use.

Some Advice for Linsey Fagan and Other Progressive Candidates

So, she can see that if she advocates for the spending needed to solve our problems, then she may be stepping into a mine field right off the bat.  How should she cope with that situation, which she is sure to hit soon if she hasn’t already gotten there? Well here is where MMT can help her and other progressive candidates.

No Trump, You Don't Get To Evoke FDR

It's been said that Trump's infrastructure plan has all the hallmarks of an FDR-era public works program. Here's why that's not true.

Canada: Flagellation Letter in National Post

A monetarily sovereign government is not like a firm or household and can never run out of its own "money" - its own IOUs. The only meaningful way to appraise the fiscal position of the Canadian government is to assess the state of the economy in real terms: do we have full employment, environmental stewardship, and first-class education and health infrastructure?

Why Your New Year's Resolution Should Be To Learn MMT

In 2018, for the sake of your family, your friends’ families and for every American family facing financial hardships, make your new New Year’s resolution to learn about the reality of our nation’s economic system, to learn MMT, and when you’ve done that, teach someone else what you’ve learned. Together we can spread this knowledge and save lives by answering that age-old progressive agenda-killing question: ‘how are we going to pay for it?’

The Truth About 'Printing Money'

Let's also clear up something that is really grating to the nerves.

Rage Against Austerity

I woke today with an inner rage that can only come from experience and knowledge.   This winter, hundreds of thousands of Americans will be on the streets homeless, without food, shelter or heat.   Families will break up from financial distress. Kids will be dealing with life insecurities, bullies who capitalize on weakness and observers will judge "misbehavior" versus dig deeper for the real root causes.   45,000 suicides from joblessness will occur and many more will unsuccessfully try to take their lives in despair.   Millions will suffer from food insecurity or poor nutrition because of financial destitution, austerity and  Calvinism.   Millions will die from pollution and the environmental destruction from contaminated drinking water. Airborne illnesses from air pollution will kill or severely damage their lungs as well.   Hundreds of thousands of minorities, vulnerable from years of systemic and envrionmental racism will die attempting to survive by living in alternative economies from unregulated prostitution to slinging drugs and gang related violence.   Many women will suffer the effects of rape and be forced to self-medicate, have unsafe, unregulated procedures and even commit suicide from a lack of available,  affordable services.   Millions of individuals suffering from mental illness will go untreated, commit suicide, commit murders, destroy families and end up in jail as opposed to a medical facility...   All because the people are more worried about the tone of activists sharing the econonic truths to fix all of the above... tone policing.    And ultimately because of austerity. Cutting federal spending. Tax cuts for the rich and not Medicare for All, student loan forgiveness, free college for all, a Federal Job Guarantee,  Green Energy and an overall dereliction of duty to serve the people by our "elected representatives". Voters are easily distracted and politicians gleeful of our short memories.   #LearnMMT #FuckAusterity #GetSmart #RiggedElections #ShortSightedness #DNC #TaxScamBill