MMT


Joseph M. Firestone's picture

Our Money Isn't Fake It's Fiat!

A report on protests at the Tampa convention appearing in the Hill (h/t Lambertstrether) partly focused on views about our economy and financial system of an Occupy protestor named Andrew Speirs. more »

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Joseph M. Firestone's picture

One Simple Measure That Would Save Social Security and More

The Fiscal Times is a digital rag funded by Peter G. Peterson to propagandize the ideology of neoliberal austerity. Yesterday, a post by Josh Boak highlighted the proposal of “fixing” Social Security by lifting the cap on payroll taxes. more »

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Joseph M. Firestone's picture

Ryan's Follies: Limited Government, Liberty, and Effective Government

More Ryan's follies from his answer to the President's 2011 SOTU. These are about that old Republican hypocritical favorite, “small government.”

”So I’d like to share with you the principles that guide us. more »

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Joseph M. Firestone's picture

Ryan's Follies: Bureaucracy, Austerity, and Depression

Here's the next group of Ryan's follies from his answer to the President's 2011 SOTU.

On bureaucracy and innovation:

”Depending on bureaucracy to foster innovation, competitiveness, and wise consumer choices has never worked – and it won’t work now.”

more »

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Joseph M. Firestone's picture

Ryan's Follies: Health Care Reform, Bankruptcy, and Tipping Points

Still more Ryan's follies from his answer to the President's 2011 SOTU.

On the Affordable Care Act (ACA)

”Then the President and his party made matters even worse, by creating a new open-ended health care entitlement. more »

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Joseph M. Firestone's picture

Ryan's Follies: Oy! Taxes, Decline, and Austerity

More on Ryan's follies and the overall quality of thinking we find in this young “guru”! more »

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Joseph M. Firestone's picture

Ryan's Follies: A Crushing Burden of Public Debt

In celebration of Paul Ryan's nomination, and in consideration of his reputation among Washington, DC villagers as a fiscal guru, I thought it might be fun to do a series of posts, of which this is the first, critiquing examples of Ryan's past wisdom. Here's the first example: more »

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Joseph M. Firestone's picture

Beowulf: Notes on the Miniwage

Marshall Auerback recently posted in support of raising the minimum wage, joining Jamie Galbraith in advocating for it. This caused some disagreement among bloggers sympathetic to Modern Monetary Theory (MMT). more »

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Joseph M. Firestone's picture

The $60 Trillion Petition for Taking Austerity Off The Table

I have a petition to President Obama up at: http://signon.org/sign/end-austerity-mint-the It's about minting that $60 T coin and ending austerity. The wording of the petition is:

”A 1996 law gives the Executive Authority to mint coins w/arbitrarily large face values and deposit them at the Fed. more »

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Joseph M. Firestone's picture

Things Will Get Worse Before They'll Get Better

House leaders have agreed on a compromise continuing spending resolution at the same level as before from October 2012 through March 2013. more »

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