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Reviews of The Deficit Myth
Posts in this series The Deficit Myth By Stephanie Kelton: Introduction And Index Debunking The Deficit Myth MMT On Inflation Reflections On The Deficit Myth The National Debt Is Soooooo Big The...
View ArticleMMT and Mainstream Economics
Posts in this series. This post begins with links to all posts in this series. In The Deficit Myth Stephanie Kelton explains in lay terms the fundamental ideas of Modern Monetary Theory and shows that...
View ArticleGoodbye, American Dream: The Unaffordability of American Life
My oldest sent me a text this past weekend: Also houses down here are going for 1.5x value. [Friend] put an offer in at 200k for house selling for 160k and it ended up selling for 240k. There’s no way...
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Soft-Handed Academic Dudes and Minimum Wage Fast Food: What Could Go Wrong?
I see tweets like this one in my timeline and I brace myself for the inevitable dogpile bashing workers: Sonic in Albuquerque says “No one wants to work anymore.” pic.twitter.com/CR128n60mM — Patrick...
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Three Things: Pouring Cement Down the Wells
[NB: Check the byline, thanks! /~Rayne] The last 24 hours made me think of this quote: Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because...
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The Fed Prepares To Screw Working People Again
The Federal Reserve Board has signaled its intention to hike interest rates, citing a fear of an overheated economy. Robert Reich has an opinion piece in The Guardian saying that raising interest rates...
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It’s Your Economy, Stupid GOPr
[NB: check the byline, thanks. /~Rayne] I’ve had it. I’m fed up with the attacks on the Biden administration and Democrats in Congress about the economy when the problem is and has been the GOP. The...
View ArticleThree Things: Crying All the Way to the Bank
[NB: check the byline, thanks. /~Rayne] “I cried all the way to the bank.” – attributed to performer Liberace I’ve run the gamut from fuming to furious this past week. I didn’t have a dime in Silicon...
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Let’s Give ‘Em Something To Talk About: Cooked, Hooked, Mooked
[NB: check the byline, thanks. /~Rayne] Did something happen today? LOL We need a fresh post and thread to talk about it. ~ 3 ~ Cooked: Donald Trump’s wallet A jury in Manhattan awarded E. Jean Carroll...
View ArticleOligarchy Has Arrived. Congress Must Take Notice — and Act!
This is a guest post from our friend Bob Lord, who you may recall from previous guest posts. This was originally published a few days ago at Inequality.org – bmaz The United States is experiencing a...
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