New York Post, January 24, 2022 Inflation only goes up and will bankrupt Joe Biden and the Democrats By James Bovard In his victory lap at his marathon press conference last week, President Joe Biden boasted that “I have probably outperformed what anybody thought would happen” and “I have gotten the critical crises out of […]
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American Institute for Economic Research, July 7, 2021 Can Mass Subjugation Save American Democracy? James Bovard Beatings will continue until morale improves” has morphed from an old joke to the latest prescription for national salvation. “Compulsory National Service Could Unite America,” whooped a New York Times Op-ed headline last week. Prominent media outlets, think tanks, […]
CNBC’s Jim Iuorio and I had fun smacking around Congress and other rascals on this 20 minute MP3 from a broadcast yesterday on the Salem Radio Network. We also flailed Modern Monetary Theory, the latest bogus scheme entitling politicians to wreck the economy with endless spending. Jim Iuorio was guest-hosting on the Dan Proft show. […]
Submitted by Steve Brown…
A popular meme in the Panic of 2020 asks, if gold is such a bellwether, why has its price not greatly increased? …and indeed, gone down. The reason why is at the heart of why Modern Monetary Theory — now forcibly embraced — is doomed to fail.
This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The […]
On Tuesday Truthout published an OpEd co-authored by Sean Keith and Alexander Kolokotronis about Modern Monetary Theory that people worried about how we’ll pay for everything when Bernie replaces Trumpanzee is the White House will need to start learning about. You’ll need to understand this stuff when you argue with your brother-in-law next Thanksgiving.
by Gaius Publius2017 has been an such unusual year in so many ways that its unusuality has masked the ways in which it has been a very usual year, a very more-of-the-same series of months.For one thing, "The Resistance" has gone from being a meaningful idea to something almost seems like it could be added to anything to indicate added value — "Dove soap, now with #Resistance." I've seen "resistance" claims from those who fought
