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Money & Public Purpose: Government is Not a Household

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...
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The Truth About The Economy In Two Minutes

Business & Finance : Business Insider: Clusterstock (3 years ago)

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

UK Chancellor: 'The British Government Has Run Out Of Money'

Business & Finance : Business Insider: Money Game (3 years ago)

In a bleak warning ahead of next month’s Budget, Chancellor George Osborne said there was little the coalition government could do to stimulate the economy. “The British Government has run out of money because all the money was spen... Read Post

Why the Government Must Keep Running Deficits. Forever.

Business & Finance : Angry Bear (3 years ago)

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


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