heterodox macroeconomic theory; describes currency as a governmental monopoly and unemployment as evidence that monetary supply is restricted; argues governments should print money to achieve full employment and fund purchases
Editors at the New York Post ponder the latest pearls of wisdom from U.S. Rep. Alexandria Ocasio-Cortez. Get your popcorn, folks: President Joe Biden’s popularity numbers are at an all-time…
As official Washington deepens its commitment to deficits and debt regardless of potential inflation or other repercussions, I recently came across an International Monetary Fund working paper by Paulo Mauro…
As Milton Friedman often remarked, the bill always comes due. Today’s spending must be paid by taxes, regardless whether those taxes were collected in the past, are collected this year,…
Jim Grant of Barron’s tackles the latest fad popular among those who think governments can spend as much as they want with impunity. Modern monetary theory is not so theoretical…
Randall Forsyth of Barron’s documents a disturbing trend for deficit hawks. [T]he administration of President Donald Trump, the self-described “king of debt,” is running a budget deficit at an annual…
As the specifics (and many of the absurd objectives) of Rep. Alexandria Ocasio-Cortez’s Green New Deal (GND) have come to light, the common refrain from Democrats who support it is…
Michael Tanner writes at National Review Online about the latest dodge used to avoid the problem of the federal government’s growing debt. [B]oth the Left and Right have discovered a…
Randall Forsyth of Barron’s argues that building budget deficits during an economic expansion spells trouble. Washington has enacted tax cuts and spending increases that are likely to push the federal…
… why can’t a guy cash a check for $360 billion? The story’s highlight: “Tellers at the Fort Worth bank were immediately suspicious – perhaps the 10 zeros on a…
Jon – Countersign is “1506 Nix Nix” but don’t tell anybody.