fiscal policy


Joseph M. Firestone's picture

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

(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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Modern Monetary Theory: The Last Progressive Left Standing

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!

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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Daniel Marans's picture

The Importance of Being Alan: A Response to Alan Simpson's Conservative Defenders

While Fiscal Commission Co-Chair Alan Simpson’s revealing gaffes remain a welcome political gift for opponents of Social Security and Medicare cuts, his staying power in elite policymaking circles only attests to the sad and distorted state of our nation’s fiscal debate—and the powerlessness of mainstream America within that discussion. That Simpson was probably the most prominent Republican President Obama could find to chair the Commission, is just the latest sign of how Democrats have had to define “moderate” down to slightly-left-of-nutjob.

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Potomac Oracle's picture

A Silver Bullet for the Debt Crisis

Yes, Mr. President There is a Silver Bullet for Our Debt Crisis. more »

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Joseph M. Firestone's picture

Tell President Obama and Everyone Else: There's No Deficit Problem

Over the past year, in an attempt to head off the austerity program gaining steam in Washington, DC, I've blogged the truth about the deficit/debt problem on many occasions. That truth is that there is no deficit/debt problem, and that deficits and debts, no matter how large they may be, don't affect th more »

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Joseph M. Firestone's picture

It's All In the Framing and That's Terrible

While some progressives are happy with the President's speech on the budget; others are suspicious, recognizing the President's repeated pattern of offering words that are reassuring to progressives while later acting to work against the general principles he asserts in a major speech. As Bernie Sanders is saying: “the devil is in the details.”

It surely is. more »

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Daniel Marans's picture

Attention Democrats: Don't Be Fooled, Bowles-Simpson Plan=Ryan Budget-Lite

Liberals don't like the prospect of the Bowles-Simpson plan becoming the starting point of deficit reduction talks, because it is too centrist to offer Democrats a strong bargaining hand. But if you look more closely, it's far worse than that. Bowles-Simpson is Ryan-lite.

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Joseph M. Firestone's picture

Why Do “They” Want To Limit Our Sovereignty In Our Own Currency?

One of the most emotional issues in American politics is the sovereignty of the United States itself, and its independence from foreign powers, interests, other nations and their ruling elites, and emerging globalizing elites who place their own interests against the nation interest of America and its people. more »

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Digby's picture

Winning The Future, Brought To You By GE

Here's an interesting interpretation of Winning the Future:

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