What is the Difference Between Microeconomics and Macroeconomics?

If you have never had a course in economics, congratulations!  You just may have saved yourself a lot of confusion, and loss in grade points.  However, you may feel a lack of some understanding of ongoing events, and how those events have affected your life.  Real Progressives is about gaining knowledge in the important area of economics so that we can protect ourselves within a system that uses our lack of wisdom against us in numerous ways.  This article will start with the most basic concepts within economics in order to start you on the path to attaining that wisdom.

Rent Control Fight Prompts Coalition Action in Illinois

Residents are pushing to repeal Illinois’ Rent Control Preemption Act , a current law that prohibits discussions or studies to proceed on behalf of the state or local government agencies that would facilitate a discussion between voters for the possibility of establishing rent control measures.

Neighbors Without Homes - Part Two

In Part One of Neighbors Without Homes, the final paragraph asked how can we make our planet better since we're all here together.  Consider what it would take to solve the issue of neighbors without homes. 

What is Economics?

Economics is the study of how societies allocate limited resources (such as land, water, human labor, or machinery) among the wants of those societies, recognizing that wants are seemingly unlimited.

Neighbors Without Homes - Part One

We're all connected.  No one is better than anyone else, so why do so many lack life's bare necessities?  Maybe everyone should think about our neighbors, even if they don't have homes.

Modern Monetary Theory - A Presentation for the Lavender Greens

The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.

A Federally Guaranteed Job in the Hour of Kale

Give a man kale, and he will eat for a day. Give a man a job growing kale, and he will eat for a lifetime.

Apolitical Descriptive Currency Analysis is Anything but Flamboyant…… in response to John Tamny

There have been quite a few hit pieces written on MMT aka Modern Monetary Theory in recent months. I assume much of this has to do with the meteoric rise of freshman Congresswoman Alexandria Ocasio Cortez and her connection to MMT economists such as Stephanie Kelton and Pavlina Tcherneva. There are people amongst us that have either a philosophical or opportunistic need to stop the momentum that MMT has picked up in recent years. I recently read a truly egregious article by John Tamny published the 27th of January in Forbes titled, The Flamboyant Absurdity of 'Modern Monetary Theory'.

MMT Is No Joke - The Joke is How It’s Used

Bloomberg published an article by Michael Strain (director of economic policy studies at the American Enterprise Institute, a conservative think-tank) on January 17 entitled "Modern Monetary Theory is a Joke That's Not Funny." As a convert from the "tax-and-spend" theory to MMT (Modern Monetary Theory), I believe there are some major misunderstandings in this article that deserve correction and deeper examination.

Why Modern Monetary Theory is a Serious Idea for a Serious Time: A Response to James Pethokoukis

MMT is now being criticized by economic pundits, particularly from conservative think tanks.  This commentary is a rebuttal to one such article.

Italian Yellow Vests wants MMT

The movement of the Yellow Vests in Italy has officially adopted an MMT program.

Understanding MMT is Easier Than You Think

It's not 'advanced economics', it's 'realistic economics'.

A Federal Jobs Guarantee is Crucial For Progressive Policies

Having a FJG waiting in the wings for people who are impacted by any of these disruptions in our economy, however well-intended, is crucial.

How the IMF sows the seeds of Global Neoliberalism

...And how it nearly killed universal healthcare in Thailand.

Steven Grumbine Interviews Steven Hail, Australian Economist

Steve and Steven discuss what the prospects are for a viable economic system with a 40 percent reduction by 2030 and no new emissions by 2050.

Professor Bill Mitchell & the 'T' in Theory

Steven Grumbine interviews Professor Bill Mitchell about the “Theory” in Modern Monetary Theory, once again demonstrating that the two of them can make even complicated economic concepts accessible to the layperson.

Geoff Ginter Interviews Pavlina Tcherneva at the 2nd Annual MMT Conference

At the Second Modern Monetary Conference, Real Progressive’s Geoff Ginter has a brief chat with “Goddess of the Job Guarantee” Dr. Pavlina Tcherneva. Dr. Tcherneva describes her experience with and observations of a jobs guarantee program in Argentina. She talks about the impact of this program on various types of communities, the kinds of jobs created, who benefitted, and how one community shed its image as the ''Hidden City'.

The Winter of our Discontent in America

After over 25 years of Winter it is time to jump start Spring by adopting policies that recognize our economic potential. 

The 2nd Annual MMT Conference in NYC is Underway!

Join us at Real Progressives for live coverage of the event!

Federal Taxation: A Physician's Prescription For Reform

This analysis of the pathophysiology of the taxation system informs the four taxation proposals presented here, which are crafted on the observed mechanics of the US monetary system as described in MMT.

The Danger of Hope

People are conditioned to be cynical. They confuse cynicism for being "woke". Hope is a bridge too far for many.

An MMT Tutorial That Covers The Basics

This MMT tutorial provides short answers to several questions.

Monuments of Full Employment

Implementing a Federal Jobs Guarantee, along with a Green New Deal, and increased spending on our infrastructure, we can start to rebuild a middle class that has been languishing for

The “petrodollar” has no bearing on any country’s ability to fully employ its people.

"As far as what specifically would happen if the world stopped using the United States dollar for oil? The answer is, “Very little.””

MMT and The Deficit Debate

People often dismiss economic conversations assuming they understand the basics. The government collects taxes, spends that money and then some, causing deficits.  Then, the Government borrows money to cover the deficit...

The Explicable Mystery of the National Debt

The mystery is, while all this perpetual haggling and hand-wringing is happening, no one seems to be knocking on America's door asking to be repaid.

Stop Using The Term 'Printing Money'

It's just a way to give the establishment the tool it needs to stop progress.

MMT Cures Cult Addiction

MMT will not make racism and xenophobia go away and there will still be a need to understand that Black Lives Matter.  But still, it will be as big of step in the right direction that the gains made in the 1960s were.