All Life Is Problem Solving

These days the chattering classes often converse about how the Democrats can get their base charged up and working for the fall elections. For example, Greg Sargent at the Plum Line blog says: ”As you know, over the weekend Robert Gibbs dropped a political bomb, saying that Republicans just may take back the House. His […]

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Warren Mosler has an important forthcoming book called The Seven Deadly Innocent Frauds, which is, fortunately, available right now in a pre-publication version for reading and commenting from Warren’s site. Jamie Galbraith, Warren’s friend and occasional co-author has recently written a Foreword to the book, which also can serve as a Foreword to the Modern […]

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In a heartfelt piece lamenting the jobs crisis and Washington’s Hooverite response to it, Bob Herbert of the New York Times said: There is no plan that I can see to get us out of this fix. Drastic cuts in government spending would only compound the crisis. State and local governments, for example, are shedding […]

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At the very end of the Seminal/FireDogLake discussion of my last post, “How Are You Going To Pay For It”, two commenters, ironymeter and konst, offered some comments about the idea in Modern Monetary Theory (MMT) that fiat currency is, to a great extent, accepted, because the Government mandates its status as sole legal tender […]

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The progressive counter-attack against the President’s emerging “austerity” political strategy and program is beginning to emerge. In the last few days, we’ve seen posts by Nancy Altman and Eric Kingson of Social Security Works, Jane Hamsher, Robert Kuttner, and Dean Baker writing against the thrust by the Administration, the National Commission on Fiscal Responsibility and […]

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Nancy Altman and Eric Kingson Co-Directors of Social Security Works have written an article called “Has Obama created a Social Security ‘death panel’? In the article they raise questions about the composition, process, and intentions of the President’s National Commission on Fiscal Responsibility and Reform and say: ”We write to raise questions and encourage press […]

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In the above video, Nick, otherwise known as The Modern Mystic, has raised an important question about applying Modern Money Theory (MMT) -based economics. He asks whether if all nations used MMT-based economics to achieve full employment, truly universal health care, and free public education for everyone, whether the world wouldn’t run up against resource […]

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A little more than three weeks ago on April 7, I posted an idea here, here, and here, calling for a Teach-In Counter-Conference on April 28th to oppose the message of austerity in social programs being formulated by the President’s National Commission on Fiscal Responsibility and Reform, and The Peter G. Peterson Foundation, by bringing […]

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Important changes in societal economic philosophy and policies occurred in the United States during the 1980s, after a transition period covering the Carter Administration, and accelerating after the accession of Ronald Reagan to the Presidency. It’s now nearly three decades later, and we can ask how well the transition from Keynesianism to Neo-liberalism has worked. […]

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