deficits


Joseph M. Firestone's picture

Myths, Scares, Lies, and Deadly Innocent Frauds, Updated: Part Three

By Joe Firestone
December 22, 2011

(Author's Note: This post updates Part Three of a series reviewing Warren Mosler's book: The 7 Deadly Innocent Frauds of Economic Policy. The updating is prompted by more »

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Joseph M. Firestone's picture

Bernie: YOU Stop Caving to Peterson/Obama/#supercommittee

By Joe Firestone
November 20, 2011

Dear Bernie,

Today, you told the “Democrats stop caving in . . . ” to the interests of corporations, the tea party, wealthy individuals, and the Republicans in Congress. The only problem with your fiery statement is that you began it by “caving in” to them yourself. more »

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Everything You Need To Know About Fixing Deficits & Jobs

By Dave Johnson
August 15, 2011

Here is everything you need to know about how to fix the deficits and jobs problems. This is a chart of job creation over the last few years:

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Joseph M. Firestone's picture

Connecting the Dots – Deficit Reduction Is Not About Insolvency

By Joe Firestone
August 11, 2011

By

Warren Mosler

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Joseph M. Firestone's picture

How do vanden Heuvel and Meyerson Expect Him to Get By the Austerians

By Joe Firestone
August 11, 2011

Yesterday, must have been jobs day at The Washington Post since they ran two columns calling for job creation: one by Katrina vanden Heuvel and more »

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Joseph M. Firestone's picture

Still Superman?

By Joe Firestone
August 7, 2011

There have been many reactions to S & Ps action in downgrading the credit rating of the US, Apart from the widespread annoyance and repudiation of S & P and its procedures, there are some who are saying that it won't have much effect on interest rates. Others even saying that it more »

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Joseph M. Firestone's picture

Standard & Poor's Tugs on Superman's Cape

By Joe Firestone
August 6, 2011

Last December, my friend, beowulf, had this to say at the time Moody's began to make noises about downgrading US debt. He said:

”I don’t think we’ll see Moody’s or any other rating service based in the US ever downgrade US Treasuries. It would cause a tremendous amount of financial loss and would leave Moody’s and its executives exposed to criminal prosecution. more »

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Modern Monetary Theory: The Last Progressive Left Standing

By Warren Mosler
From correntewire.com
June 14th, 2011

correntewire.com — The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it. They have fallen into the out of paradigm world that takes it as gospel that the U.S. is at imminent risk of becoming . .

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Joseph M. Firestone's picture

Spare Me the “Middle Ground” Please!

By Joe Firestone
June 10, 2011

In a debate at FiredogLake about Modern Monetary Theory (MMT) perspectives on the so-called deficit/debt crisis and the idea that there is no long-run deficit problem, powwow, a perspicacious commenter and occasional blogger at MyFD more »

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Dave Johnson's picture

Jobs Fix Deficits

By Dave Johnson
June 1, 2011

Polls show that the American Majority is much more concerned about jobs than deficits. So why is DC talking only about deficits instead of jobs, when jobs are the medicine for deficits? And why is DC only talking about budget cuts as a path to fixing the deficits, when the deficits were caused by tax cuts and lack of jobs? In fact most of the “deficit cures” being discussed in DC don’t make the deficit better, they make deficits worse because they kill jobs.

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