All Life Is Problem Solving

In an earlier post evaluating the House Health Care Reform Bill, I raised the question of the morality of voting for the bill, and argued that voting for it was an immoral act. Now that the Senate bill has been passed and includes many of the same features of the House bill including a “band-aid” […]

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In the previous two posts in this series I’ve examined four ideas that Warren Mosler has called “deadly innocent frauds,” (difs) and that others have variously referred to as myths, scares, and lies. Three of the difs — that Government deficits create a debt burden for future generations, take away non-governmental sector saving, and that […]

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In my last post I introduced Warren Mosler’s notion of “deadly innocent frauds,” (difs) and discussed the idea of fiat monetary systems and its implications for the first dif: “in order to spend money, the Government must first raise it through taxation, or borrow it.” In fiat monetary systems, that idea is false, which is […]

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As I wrote in Part One of this series, “deficit hawkism” is the ideology that prioritizes bringing tax revenues and Government expenditures into balance ahead of other far more essential national needs and priorities. Right now, deficit hawkism is becoming increasingly prevalent, and its expressions very strident. It’s not limited to Republicans, but is bipartisan. […]

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We’ll see many policy analyses and evaluations of Nancy Pelosi’s compromise health care reform bill as it gets closer to a final vote. This one won’t be thorough, since the bill is one of daunting length (1990 pages) and complexity, and I haven’t had the time to do a really detailed analysis. But I’ll do […]

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