Taxes and Spending

Using Randall Wray's classroom "buckaroo" currency, Bob shows how MMT thinks about money, and the claim that a fiat currency's natural rate of interest is zero.

Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.

Public works as a cure for unemployment: proposed, debated, and defended with arguments that would sound familiar a century later.

Mass unemployment gave the protectionists their best argument in a generation, and they nearly won.

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

The majority of our elected officials who spend our tax dollars are debt addicts. Their reckless policies, if continued, will destroy the nation.

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

JP Cortez argues fiat money is a hidden theft, and that the fix is a bottom-up, state-level push to remove the taxes and rules that stop Americans from freely choosing gold and silver.

Ryan, Tho, and Dr. Jonathan Newman discuss recent economics headlines, including interventions to prop up the yen, a bad jobs report, and troubling signs in bond markets.

California’s proposed billionaire wealth tax is being sold to voters as a way to replenish the state’s tax coffers with billions of new dollars. What it actually will do is to end the vital capital investment that has driven California’s economy for decades.