Sunday, March 13, 2016

Michelle Jamrisko — Ignored for Years, a Radical Economic Theory Is Gaining Converts


MMT alert!

Bloomberg Business
Ignored for Years, a Radical Economic Theory Is Gaining Converts
Michelle Jamrisko

8 comments:

Joe said...

Great stuff! This is the future

nivekvb said...

Yes, excellent article. Nice and clear.

Ignacio said...

"radical"? huh?

Cooper said...

Have you guys seen this? Crazy!

http://inthesetimes.com/article/18940/alec-balanced-budget-corporate-constitutional-convention

Bob said...

Let us hope that ALEC succeeds. A balanced budget amendment in practice will be a shock to the system.

Dan Lynch said...

I was going to post that Balanced Budget Amendment link for Tom, but @Cooper beat me to it.

Democrats have no plan to retake the states. None.

Joe said...

Why would corporate America want a balanced budget amendment? Surely, they must understand that their continuing profits require federal deficits? Is ruling class disdain for the commoner so intense that they're willing to forego profits just to smash the worker?

Dan Lynch said...

@Joe, for the same reason corporate Europe supports the Euro.

@Joe asked " Is ruling class disdain for the commoner so intense that they're willing to forego profits just to smash the worker?"

Michal Kalecki answered "HELL YES!"

Of course a Republican sponsored balanced budget amendment would have loopholes for the military and other corporate welfare. The impact would be on domestic programs that help the working class.