The Federal Reserve is Not a Private Bank – A Response to Counterpunch

Calling out the omission of facts from a recent Counterpunch article concerning the U.S. Federal Reserve. 

Doing What the Market Can't

While the Market Economy system causes truly wondrous and useful things to be made available to American consumers, there are certain things it fails to provide.

End the FEDish: Redirecting Our Anger and Efforts to Save the World

Modern Monetary Theory (MMT) represents a lens from which to view the various operational levers within the macroeconomy. It is simply the observable facts about how the monetary system works. Not "believing in" MMT is, in essence, denying reality.

TT&L Accounts and Bond Sales are Veils Over Reality

As a supplement to my article from yesterday regarding the operational reasons why federal taxes are not revenue, today, I wish to briefly touch on further operational realities of federal taxation and bonds sales and why they are veils that only obscure the underlying reality of how federal spending works.