MMT Detractors are the Ones Who are Flirting With Disaster

Do not forgive them, for they know just exactly what they do.

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.

An Interview with Rohan Grey - Part 1

Learning MMT and “grokking” it colors your economic, political, and social world view. You can then imagine how the law can be used to improve society.

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.

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'.

The 40 Year Slide

The lies were baked into the school system, newspapers, sit coms, political debates even cartoons took the ideas of neoliberalism into the hearts and minds of our children...the people.

Sorry About Hurt Feelings of Non-MMT Economists

I know you think all MMT advocates act and speak as one, so here, let me treat you all as one entity and tell you on behalf of all of us, why sometimes we might come across a bit testy.

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.

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

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.

An MMT Tutorial That Covers The Basics

This MMT tutorial provides short answers to several questions.

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. 

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

They tell you MMT is an idle daydream, while they use it to build your worst nightmares.

Hanging From a Cliff

An analogy explaining the folly of not understanding there is plenty of policy space on a Federal level.

Why America is Not a Country Club

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

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.

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.

Soddy, Fuller and Modern Monetary Theory

By aligning our man-made economic thinking with physical reality, we can lay the path to ongoing human success. This is the promise of Modern Monetary Theory.

The Science of Progressivism: Breaking the Mold

What we must learn from Pasteur's example is the bravery to wield truth as a weapon against well-established lies, and the fortitude to persevere, even when the odds are stacked against us.

A Comfortable Betrayal

The mainstream voices—the economists and journalists and political leaders—thrive on this question of how to divvy up the pot of “money” that America, by some inexplicable process, has been allocated to have. Staking out positions in this allocation argument is their career and sustenance. To take their argument away (by suggesting the pot of “money” is, in fact, expandable—as needed—by the direct sovereign spending of fiat-currency) threatens to leave them marginalized and irrelevant; even worse: possibly unemployed?