[Debunking FDR: The Man and the Myths by Mary Grabar (Regnery Publishing, 2025, xvii + 364 pp.)]

The Secretary of Education has notified defaulted debtors; their loan payments are due May 5. Linda McMahon has sent four messages in one:

The United States is MMT’s monetary sovereign par excellence. Because the US is arguably the place in which MMT might be said to have the “best chance” of working, it is MMT’s favorite example to attempt to propagate their theory. That said, the US is actually not an example proving the validity of MMT, rather it is a compelling counter-example. When it comes to MMT’s commitment to chartalism or the state theory of money, the US disproves it.

Sales of previously owned homes in April declined 0.5% from March. That is the slowest April pace since 2009. Jobs and incomes aren’t nearly as good as we’ve been told. 

Massie is right, as usual. Most Republicans will vote for it anyway, and continue the US slide into bankruptcy.