Managed Expectations

Remember when Martin Luther King Jr. urged the disenfranchised, 15% of the population, to relax and leave their aspirations for equality in the hands of the Democratic party leaders?  Remember the speech he gave at Hunter College on Human Rights day? Remember the line, “Let my people go, but only a few at a time because covering all at once is too idealistic and impractical? Neither does anyone else. It was all or nothing and it was already 178 years overdue.

Onward Christian Soldiers

Something is stirring in the “Heartland”. Perhaps the finger of God. A Christian movement is taking place and growing. A rallying of Christian soldiers marching as to war. To be clear, the intent is spiritual. A pacifist movement. It’s focus is on re-establishing the basics of that great Religion. Not with swords but with a plowshare and seeds of faith and hope. This is not a tent revival stuffed with emotional sermons. These are true believers, Invested in the concept that God’s message is best conveyed through peace and example. Walking the walk, they are instruments displaying to the world the power of faith, not only in the Almighty but in the values which shaped America.

The Environmental Impacts of Fracking in the United States

Fracking is completely safe, right? Our oil and gas companies, the media, and even the government agencies designated to protect us have led us to believe the process is safe. But is it?

The Many Market Failures of Health Care

There are obvious reasons from a noneconomic standpoint why we should have some sort of universal health care system in the U.S.  There are also good reasons from a macroeconomic standpoint, primarily that there are significant administrative cost savings.  While microconomic arguments are often used to justify a privatized health care system, this not correct.  Market failures abound in this sector, and honest assessments recognize their existence.

How the IMF sows the seeds of Global Neoliberalism

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

Savage Joy Interviews Sarah Smith, Candidate For US Congress Dist 9 WA

Joy and Sarah discuss the slate of strong progressive candidates currently running, and the prospects for 2020. Holding politicians to account after the election is an important part of staying politically active and protecting the progressive agenda. Campaign finance is the most important issue.

Steven Grumbine Interviews Steven Hail, Australian Economist

Steve welcomes Steven Hail to discuss the results of the IPPC report. The report findings are very discouraging, showing significant changes in the climate with warming at 2 degrees Celsius above pre-Industrial carbon levels. We are currently 1 degree Celsius above pre-industrial carbon levels.

Hands off Social Security and Medicare

Recently, we've been hearing a lot out of Washington, DC about balancing the budget through cuts to Social Security, Medicare, and Medicaid. Social Security and Medicare are the two most popular government programs, with Medicaid not far behind. These programs are crucial to people, all across the country. Sixty-one million people receive social security benefits, forty-four million people use Medicare, with seventy million people enrolled in Medicaid and CHIP.

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. In this video, they take on several of the predominant criticisms of MMT.

The Story of MMT in Italy

PIIGS is a documentary that challenges prevalent European budgetary policies and the austerity dogma https://t.co/gAE82lRES1 #euro #Brexit

Verifiable Facts and Hard Decisions Pt. I

In a world of 'fake news', you can still find the truths to build your worldview.

The Winter of our Discontent in America

Should we have followed through and adopted policy that recognized in a nation such as the US, having a sovereign fiat currency allows government, the currency issuer, to create more obligations on itself to provide for the general welfare, instead of threatening to take them away or diminish them in some way.  After over 25 years of Winter it is time to jump start Spring by adopting policies that recognizes our economic potential. 

The 2nd Annual MMT Conference in NYC is Underway!

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

Policy not Party

There's nothing else that matters.

Federal Taxation: A Physician's Prescription For Reform

Accelerating disseminated economic inequality is a disease of the monetary system gripping the American economy. This paper examines the mechanism of that disease in terms familiar to the physician. First an examination of the normal physiology, how energy and information flow through the properly-functioning system, then the malfunctions in the system are studied, the pathophysiology illucidated and that directs treatment. The normal physiology of the US monetary system is thoroughly described in Modern Monetary Theory (MMT). When the problem is studied through the combined lenses of physiology and MMT, it becomes clear that the structure of the federal taxation system itself is most responsible for todays exploding growth in economic inequality. Following the discussion, four "prescriptions" are offered that would produce radical and fundamental changes in the way federal taxes are structured and imposed.      

An MMT Tutorial That Covers The Basics

This MMT tutorial provides short answers to several questions, such as: What is money? Where does it come from? Can the government go broke? What is the national debt? What are taxes for? Why not have a balanced budget? What happened to Greece and Zimbabwe? And, why should I learn MMT?

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

Regarding Sen McCain

...Honor the man but not what policies he represented

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

America's current "national debt" is tallied to be $21.5 trillion. When politicians and economic pundits talk (worry, fret, wring their hands, gnash their teeth) about this "debt" they implicitly assume—along with their listeners, readers, and potential voters—that this fantastic sum will eventually have to be paid back. That's what happens with debts, right? Someone calls them due!

Existential Voting Booth - A Slam Poem

A slam poem describing the angst of a Real Progressive

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 1960’s were. 

Each One Teach (at least) One

... my message was not getting through.  Telling people point blank that taxes do not fund spending always leads to a change in subject.  It always leads away from what is so very important about MMT. Which is that MMT describes how macroeconomics operates in the modern world. 

How the Elite Stole MMT

When we talk about MMT, we almost invariably hear at least one person who argues that their tax money does in fact fund federal spending, and that we're crazy for peddling this nonsense. The conversation then turns to the 2018 national defense budget. That's a good place for it to go.

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?