fiscal policy

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

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

By Daniel Marans

May 27, 2011

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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A Silver Bullet for the Debt Crisis

By Robert Bostick

May 12, 2011

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

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

By Joe Firestone

April 15, 2011

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

By Joe Firestone

April 14, 2011

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

By Daniel Marans

April 13, 2011

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

By Joe Firestone

April 12, 2011

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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