Modern Money Consensus
by Carlos García Hernández (originally published in Spanish in El Común) I was prompted to write this article by yet another sad fatality, the death of British economist John …
Modern Money Consensus Read MoreTag: deficit
A just transition to a sustainable, fairer world. Not short-term fixes
‘The world was created with everything needed within it. Yet, mankind remains the biggest threat to its destruction.’ Oladosu Adenike – ecofeminist, climate justice activist and agricultural economist. In …
A just transition to a sustainable, fairer world. Not short-term fixes Read MoreTime to aim for better than “normal”
‘We are not defenders of the river. We are the river.’ Fisherman, Magdalena River, Colombia From Less is More by Jason Hickel Spring has arrived. After a long, arduous …
Time to aim for better than “normal” Read MoreMoney for bombs, but not for people?
MMT is a description of the monetary system. It is not something you can “switch to”, “implement”, or “use”. It merely describes what already is. The description, once understood, implies …
Money for bombs, but not for people? Read MoreThe Budget should be about building a just society, not balancing the books.
Too large a proportion of recent “mathematical” economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities …
The Budget should be about building a just society, not balancing the books. Read MoreRecovery Bonds – The very opposite of what is needed.
“The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the unappropriated splendors of nature have no economic value. We …
Recovery Bonds – The very opposite of what is needed. Read MoreBuild Back Better? Better for whom?
“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many …
Build Back Better? Better for whom? Read MoreEquity via democracy, not philanthropy
“Do you truly believe that life is fair, Senor de la Vega? -No, maestro, but I plan to do everything in my power to make it so.” ― Isabel Allende, Zorro There …
Equity via democracy, not philanthropy Read MoreHappy 25th birthday, Modern Money Theory!
A guest post by Dirk Ehnts, originally published in German here On Monday, January 29, 1996, Warren B. Mosler, Director of Economic Analysis at III Finance, wrote a message …
Happy 25th birthday, Modern Money Theory! Read MoreThe need is to fix the system, not just to provide ‘sticking plasters’
“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too …
The need is to fix the system, not just to provide ‘sticking plasters’ Read More