Trump Tariff Objectives and Public Purpose
Introduction: Net Benefit for Public Purpose I look at tariffs as instances of foreign and trade policy, and policy more generally. I also think that all policies, domestic and foreign, […]
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Isn’t OCF in conflict with The current “Pay-Go” system of fiscal legislation in the House?
Yes, it is. However, the “pay-go” system is one that a progressive House of Representatives will have to get rid of. The reasons for this are (1) the system is […]
Will Overt Congressional Financing (OCF) Cause More Inflation Than the Covert Congressional Financing (CCF) Method Used Now?
If a candidate for the House or Senate decides to answer “How will you pay for it?” by using OCF, then before too long someone who cares about that question […]
How Will You Pay for It?
Here is the best answer to the question posed in the title. I invite every progressive political candidate to use it in 2018 and future elections. Article I, Section 8 […]
As the Debt Ceiling Approaches, a Fiscal Myth Echos Across the Landscape of Politics
Periodically, as reaching the debt ceiling approaches, a spate of articles and posts appear in the mainstream media warning about an impending government financial crisis, and doing so in a […]
An Open Letter to Progressive Candidates and Incumbents
Dear Senator (or Congressman) _________ The simple answer to the question “how are you gonna pay for it?” is for Congress to both: (1) mandate the Treasury to spend its […]
Some Advice for Linsey Fagan and Other Progressive Candidates
Joy Marie Mann’s recent interview with Texas Congressional candidate Linsey Fagan revealed a person with good intentions and a progressive disposition who needs some education in monetary realities and in […]
Permanent Cures for Debt Ceiling Crises
Debt ceiling crisis politics has now provided us a temporary respite by getting a Continuing Resolution passed that will re-open the government until the next deadline for broader agreement on […]
Should We Devote Our Resources Primarily to Teach that “Federal Taxes Don’t Fund Federal Spending”, or that “Congress Should End the Debt Through Overt Congressional Financing?”
Of course, it is better to teach them both these things, but I believe that it is better for now to view teaching about Overt Congressional Financing (OCF) as a […]
Answers from this MMT Writer: Part VI, “On Coming in Peace”
Seeking “some education” Jared Bernstein recently asked some questions about MMT (Modern Money Theory).This series is my effort at some answers. Part I is about deficit spending. Part II covers […]