So, as progressives, we need to recognize that we ought not be sidetracked by distractions or false causal theories about our ills being primarily due to our economy being based on "private bank debt money" rather than "public bank-sovereign money." In both cases, it's the high-powered public money created by the Federal Reserve System that is at the foundation of the economy.
Part 3 of a direct rebuttal to the original Powell Memo, offering a progressive plan to take back the country from the ravages of the corporate oligarchy.
What if I told you that everything we have been taught about US economics is wrong? Before your eyes start to glaze over in anticipation of boring economic jargon, let me acquaint you with 5 simple facts that might just wake you up.
It's time for you to stop allowing yourself to get sidetracked with old thinking.