national debt

MMT: The Latest Liberal Economic Fantasy

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A good definition of a liberal might be someone who tries to ignore the actual nature of reality. Thus, many politically correct formulations distort reality even to the point of denying the differences between the sexes. Ignoring the nature of reality can get particularly dangerous when applied to economics. The nature of money calls for having sufficient … Read more

A Formula for Dealing With the $21 Trillion Federal Debt

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Return to Order A Formula for Dealing With the $21 Trillion Federal Debt 3

It is official; the national debt has now exceeded $21 trillion. The tragic news comes just six months after it hit $20 trillion last September 8. This problem is obviously not going away. By voting to suspend the debt ceiling, Congress has allowed the government to borrow as much as it needs until March 1, 2019. Based … Read more