his second entry in the Money & Public Purpose series features Stephanie Kelton and Randy Wray debunking widely held misperceptions on the relationship of governments to the economy (for instance, that running surpluses is a good id...
Robert Reich describes what’s wrong with the economy in 2 minutes. His bullet points (thanks to Stephanie Kelton): The economy doubles since 1980, but wages flat. Where did the money go… All (or most) of the gains went to the super ... Read Post
Imagine an economy that consists of two households, one firm, one bank, and one government. The government issues $50 to each household (maybe they do some work for it), crediting their bank accounts and running a $100 deficit. Voil... Read Post