Paul Krugman must be pulling his hair out about now. He recently complained that it was almost impossible to figure out what MMTers were advocating, and then tried to pin them down with some very specific questions: Are MMTers claiming, as Kelton seems to, that there is only one deficit level consistent with full employment, that there is no ability to substitute monetary for fiscal policy? Are they claiming that expansionary fiscal policy actually reduces interest rates? Yes or no answers, please, with explanations of how you got these answers and why the straightforward framework I laid...
Scott Sumner
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Israel Winner of the 2003 Iraq Oil War
From the Foreword by Lawrence B. Wilkerson: “[T]he debate over whether oil was a principal reason for the 2003 invasion has waxed and waned, with one camp arguing that it absolutely was, while the other argues the precise opposite.” “Mr. Vogler, himself a former...
Domestic Imperialism: Nine Reasons I Left Progressivism
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...
Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania
FOREWORD BY JAY BHATTACHARYA, MD, PHD Diary of a Psychosis is different from all other books on Covid: it traces the development of the government response as it happened, bit by bit, and subjects it to relentless scrutiny: did any of it do any good? It thereby...