When poor countries fall prey to inflation, it’s not because they’re “too socialist.” The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions.
Why Government Spending Can’t Turn the U.S. Into Venezuela Read More »
Steven Hail explains the basics of Modern Monetary Theory using the Australian government as an example.
Explainer: What is Modern Monetary Theory? Read More »
Sloan strives for one more scare tactic. MMT will cause the United States to lose its reserve currency status and all the foreign bondholders will dump their treasury securities. This may sound scary to the average reader but those versed in bond markets will immediately see through the farce.
The Mismeasure of Macro Read More »
“It’s not politicians that can solve problems. They have no technical capabilities. They don’t know how to solve problems. Even if they were sincere they don’t know how to solve problems. It’s the technicians that produce the desalination plants. It’s the technicians that give you electricity, that give you motor vehicles, that heat your house
Capitalism vs The Robots Read More »
America’s original sin stems from the inherent racism that is sewn into every aspect of our history, politics, economy, and culture. While the structure of racial American capitalism has changed since the founding of our nation, two things have remained the same. The thirst for profits and the exploitation of African-Americans have persisted throughout. From abolitionists to anti-lynching activists to civil rights crusaders
How to Combat Racial Inequities Part 1: A Third Reconstruction Read More »
This article is the first in a series about the COVID-19 pandemic in the U.S. justice system. Since its arrival in the United States, COVID-19 has been kicking our national buttocks like nobody’s business. The available projections consistently foresee a continued rise in the spread of the virus across the country, and the Centers for
The Penal System and the Pandemic Read More »