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...
Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something significant changes in the coming years, the current US fiscal policy will lead to a debt catastrophe. In an unprecedented warning, the bank which spawned...
In recent months, we have seen a string of shocking headline figures based on 10-year budget projections. For example, when the House's American Health Care Act (AHCA) bill got scored by the Congressional Budget Office (CBO), we learned that 23 million fewer...
William Safire said that as a speechwriter for Richard Nixon, he would sometimes urge the president, "Take the easy way!" Nixon could then give a speech saying he had rejected advice from his aides to take the easy way, preferring to do what was right. Politicians may...
In our last update on money supply — using the "Austrian" measure of money supply developed by Murray Rothbard and Joseph Salerno — we found that money supply growth hit a 46-month high of 11.2 percent in October. Growth has moderated since then, however, with...
According to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the past. The Federal Government budget had a surplus of $33.4 billion in September against a surplus of $90.9...
Philip Dru interviews freelance fiscal policy analyst Tad DeHaven about George W. Bush's 2.4 trillion dollar budget. https://www.youtube.com/watch?v=uMxRT1nxZZQ&t=3s
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