MMT Is Even More Dubious Than AOC’s Green New Deal
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.
A federal judge has ruled that it is unconstitutional to only force men to register for the draft. He should have ruled that its unconstitutional for the federal government to enslave anyone for purposes of military service.
It is clear that for the planet to keep up with a rapidly growing population, it is necessary to liberate the global economy.
The Chinese debt is overwhelming not simply because of the volume, but because the figure has quadrupled in seven years.
Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.
While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."
When I look back on my experience at the 32nd Precinct I see real “peace officers” at work. No SWAT raids, no armored vehicles. Just cops getting by with their wits, guts, and courage.
The UK has plenty of opportunities to thrive outside of the EU’s jurisdiction.
The US government clearly wants to invade Venezuela. But oil is likely not a significant reason, in part because Venezuela's oil is hardly the gold mine some think it is.
Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.