New MSM Trillion Dollar Coin Wave Misses the Big Story: Pethokoukis and...
By Joe Firestone In this post I said I would blog about the likely expected relationship between the different PCS options and inflation using the framework laid out by Scott Fullwiler! But, after...
View ArticleNew MSM Trillion Dollar Coin Wave Misses the Big Story: Hayes and Carney
By Joe Firestone Did the MSM’s new wave of commentaries on platinum coin seigniorage (PCS) miss the really big story about it? Of course, I think it did, and I’ll continue my review of the MSM...
View ArticleNew MSM Trillion Dollar Coin Wave Misses the Big Story: Drum and Yglesias
By Joe Firestone In my last two posts I’ve been reviewing the new wave of mainstream posts and commentary on Platinum Coin Seigniorage (PCS) by way of providing background for making the case that the...
View ArticleNew MSM Trillion Dollar Coin Wave Misses the Big Story: Bradford and Plumer
By Joe Firestone In my last three posts, I’ve critiqued the new wave of mainstream posts and commentary on Platinum Coin Seigniorage (PCS) on my way to making the case that the MSM are missing “the big...
View ArticleNew MSM Trillion Dollar Coin Wave: Here’s The Big Story
By Joe Firestone The one thing that jumps out at you when reading the mainstream posts of the past week-and-a-half bringing Platinum Coin Seigniorage (PCS) into the forefront of attention again, for...
View ArticleRichard Eskow Asks: Which Side Are You On?
By Joe Firestone Richard Eskow of the Center for the American Future, posted a very good one a couple of days ago. He used the old union meme “which side are you on” to beat up the President and...
View ArticleFunctional Finance and the Debt Ratio—Part IV
By Scott Fullwiler [Part 1] [Part 2] [Part 3] […] [Part 5] This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt ratio and...
View ArticleThe Value of the Right Ratio Is Zero
The public debt-to-GDP ratio is, perhaps, the most important measure used in discussions of the relative fiscal sustainability of nations. Nations with high levels of debt-to-GDP are viewed as having...
View ArticleHow Can Our Senators and Representatives Vote for Giving Away Our Monetary...
Right now the US fulfills the three essential conditions for monetary sovereignty: 1) it issues its own non-convertible currency, 2) which it allows to float on international currency markets; and 3)...
View ArticleFiscal Myths of Campaign 2016: A New Kindle e-Book
Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. There is virtual unanimity across the major political parties in the...
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