An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
The Right’s program for public safety: Everyone should have a gun and few should get adequate mental healthcare.
Years ago our society stigmatized institutionalization of the mentally ill. Many times therapists hands are tied until the patient actually acts out violently, which of course is often too late. We need to reach a middle ground. Lynn Parramore is spot on.
Ok guys, why not we all get a rocket launchers ? Or better, everyone gets nuclear bombs ? Rockets do not kill people, its the mentally sick people who kill. So then we try to treat the mentally sick while the whole world dies.Can't believe you guys are still living with some 17th century law.
Apparently Lynn Parramore has a basic understanding of our monetary system:"Economics 101 tells you that when you have a massive economic crisis, the government must step in to fill the gap until the economy can recover. The United States government, unlike, say, a state or a country like Greece, does not have to balance its budget. The U.S. has its own currency and is well-equipped to provide stimulus money to states to make up for budget shortfalls. What gets in the way of meaningful action is political obstruction, not economics."Of course UMKC may be the only place this is taught in Econ 101, but it is the first time I have seen such an acknowledgement from writers at Alternet. Lynn and Alternet have a lot of readers. Can somebody reach out to her about writing more on MMT? Alternet would be a great platform for moving new MMT framing into the public discourse.
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