The ABC Act, Platinum Coins, & Seignorage

Grey and Tlaib’s proposed coin is an existing legal avenue to bringing the current economic reality out into the light, out of the obliqueness of a set of laws not just arcane and archaic but also engineered for subjugation, and into the mainstream discourse. In this, the coin is not just an economic issue, or about the law, it’s an opportunity to improve upon an unjust system of perpetual inequality.

The Green New Deal Will Save Fossil Fuel Workers & Their Communities

It is a simple decision, do we let the people who kept America growing for decades go hungry? Or do we support their communities, their productivity, their dreams, and their dignity while we transition them to the new engines of our economy? 

Community QE, Digital Greenbacks, and the Expansion of Democracy

Join our June National Outreach Call with special guest Robert Hockett.

Trans People at High Risk for Unemployment, Study Shows

The issues facing the transgender community are complex and require robust, creative, people-centered political solutions. These solutions may scare those people who believe in keeping government spending low, but are necessary to protect ALL Americans, including transgender Americans.

My Case for a Livable Wage

Capitalism’s most fundamental rule is: if workers have no money then business has no customers. Today, with our economy at a practical standstill and federal politicians more interested in serving their donors rather than the people, this is more true than ever before. This sad reality is slammed into all our faces as we waddle through this Covid-19 pandemic.  

Help Save the USPS From Privatization

HR6407 is a purposefully horrible law and a gross miscarriage of justice that continues to this day. No other government agency at any level nor any federal contractor or private company has been mandated by law to fund retirement accounts 75 years into the future. The damage done to one of our national treasures by this law continue

We Can Prevent a Great Depression, It'll Take $10 Trillion

In this article in The Atlantic, Derek Thompson lays out a plan on how we can prevent a Great Depression for 2020. He writes about the legislation already passed and then puts together a new plan to cover those areas not covered by the CARES and HEROES acts: 

Christian Progress

A new series of articles from the co-editor in chief about the intersection of progressivism and Christianity.

Finance Plans to Profit Off the Pandemic - How We Can Stop Them

Our guest speaker for May is Emma Caterine, a consumer attorney, board member of Modern Money Network, and member of Democratic Socialists of America. She spoke of how finance is profiting during the COVID-19 pandemic and in the coming recession. She also talked about organizing, with a look at what needs to be done by and for working people to be freed from financial exploitation and the debt trap. 

Old Narratives Die Hard

Opponents of Bernie Sanders’ progressive proposals warn us, "Even if you raised taxes to 100% and drained every single dollar in the United States, that still wouldn't be enough to pay for Bernie’s programs." We admit it: this is true. Nathan Locke explains why that’s never been the point.

The Fed's Response to the Coronavirus Depression

Nathan Tankus discusses how the federal government should respond to this crisis on our April National Outreach Call.

The Economic Response to the Coronavirus Pandemic

The Levy Institute presents policy prescriptions that not only address the crisis at hand but look into the future to deal with effects not yet seen. 

Bernie Sanders STRUGGLES to answer how he will PAY for his programs

In a 60 Minutes interview, Bernie Sanders struggles to explain how to pay for his programs. He only does so because we haven't learned how money actually works. If we understood this, Bernie could tell the truth and no one would be able to hang him with his own words.   It's actually very simple: in order to be able to pay taxes, you need money. For you to get money, the government must first spend currency into existence, which it does when it provisions itself. That currency is then circulated through society and eventually reaches your pocket. Now you can pay taxes. In this video below, Steve Grumbine explains exactly what we need to know:    

Resources NOT Dollars

Money has no power without labor, raw materials, ideas, and other resources.

What Dr. King Really Wanted

We don’t really recognize the economic movement that Dr. King tried to establish nor do we pay enough attention to his prophetic words on the dangers of centrism.

Reclaiming The Brexit With Bill Mitchell (Audio Transcript)

In April of 2018, Jacobin Magazine published “Why the Left Should Embrace Brexit,” which made the case for this radical break from neoliberalism. To gain perspective on Labour’s trouncing in the recent elections, we called upon our friend, Bill Mitchell, one of the co-authors.

FJG vs. UBI: An MMT Perspective

"Give a man a fish, and he will eat for a day. Teach a man to fish, and he will eat for a lifetime."

Five (5) Things to read to Understand Modern Money (MMT)

Originally written for an Australian audience, this article contains the essential social media readings on Modern Monetary Theory. The links within it are not intended to replace scholarly work which is much more comprehensive and explanatory. This article has previously been published on LinkedIn and Australian Real Progressives.

The Leisure Agenda Details Policy for Overworked US Workers

The People’s Policy Project in collaboration with the Gravel Institute issued their first policy paper this week, “The Leisure Agenda,” which details the longer work hours and lost productivity American workers face from being overworked and paid less than peers in other countries. 

Bill Mitchell and Louisa Connors: Framing MMT Requires A Language Shift

A 2017 article by Louisa Connors and William Mitchell suggests that progressives need to change the way they talk about policy proposals to bring them in line with Modern Monetary Theory. Read on to learn the basics of their argument and why and how progressives should reframe this debate.

The Legal Nature of Money and the History of the Federal Reserve with Rohan Grey

Rohan Grey takes us from the origins of the US dollar through the history of American banking. In the process we get a fascinating look at the class struggle leading to the development of the Fed and persisting to this day. (Podcast)

White Paper: Modern Monetary Theory (MMT)

The purpose of this white paper is to publicly present the fundamentals of MMT. It is a work in progress.

Neoliberalism at Work through the Universal Basic Income

This simplistic, incorrect, and devastatingly neoliberal plan of instituting a Universal Basic Income will be the final blow against the public purpose and General Welfare Clause as well as an effective coup for the rightwing to establish cash payment as opposed to the services millions desperately need.

MMT isn't 'Close', it's 'Here'.

As soon as you read "MMT May One Day Be", you know the author either doesn't understand MMT, or doesn't want you to.

MMT Across the Pond with Patricia Pino

Patricia Pino, engineer, artist, activist and one of the hosts of The MMT Podcasts. Patricia’s focus to raise awareness, so that people are not fooled by the established economic narrative, led her to write articles for a small outlet for a couple of years explaining MMT.

The Changing Face of MMT

Look under all the filters for the real picture.

3rd International MMT Conference 2019

Announcing the 3rd International MMT Conference! This year's exciting agenda includes "MMT and the Green New Deal," "Money, Race and Civil Rights,"  "Digital Money and the Future" -- and so much more.

Propaganda, Revelations & Prosperity: The End of Neoliberalism with Scott Ferguson

In a favorite episode of Macro 'n Cheese podcast, Scott Ferguson brings vivid insights on neoliberalism and the ways in which it thoroughly permeates our culture.

What is the difference between Monetary Policy and Fiscal Policy – Part II

One issue that was not discussed in the previous article regarding fiscal policy relates to the timing of fiscal policy. Since Congress authorizes spending, a criticism of fiscal policy has been that it may not be quickly responsive to economic problems. However, this concern is ameliorated by the fact that we have implemented various policies that are designed to vary with economic conditions.