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?

We the People or What is a Progressive

Reading it, the intention of the preamble is pretty clear, it is America’s mission statement.  It stands separate from the details of the Constitution and establishes a set of standards for the United States.

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."

How Politics is Making us Drink the Kool-Aid

When the truth threatens our fantasies, we're quick to disassociate, and it enforces the truths we are told. Small misgivings or even misunderstandings are blown up, twisted to prove their side right, while major problems are hidden. When you are already braced for a war to defend an idea, anyone speaking against it will be hushed and painted as a traitor.

Why America is Not a Country Club

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

Not Radicals, but Self-Propagandizers & Fashionistas

Just as Move On and the Tea Party, in spite of yelling angrily at each other across the ideological divide, both lead us to the same voting booth that is owned lock, stock and barrel by big money and the two mainstream parties, so all fashion statements from avant-garde to proletarian to conformist lead to the same place: the feeding of the capitalist maw.

The Trump Administration's Plot to Kill Government Agencies

It is the oligarchy, much as it was before, only now without any semblance of secrecy or shame.

Depression Among Progressives

As progressives, there is no shortage of things to break us down, but we shouldn't let that make us lose sight of what lifts us up.

Nebraska’s Most Progressive Gubernatorial Candidate May Become the Republican Nominee

If you want to support Gabel, the most progressive candidate on either side, you still can.

Framing a Job Guarantee

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

Gay American History, Part 2

When you are seen as "what's wrong with the world," the cure isn't really designed to help you.

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.

Progressive Poetry: 'Syria'

This poem is part of an ongoing Real Progressives collaborative series. Submit your Progressive Poetry today!