Tags: debt-free money

How to Pay for Social Security? Wrong Question!

April 2nd, 2014
in Op Ed, syndication

Although the economic literature, pundit bloviating, and ideological rants, love to ask "How to pay for Social Security," they are all asking the wrong question. more »

U.S. Government is a User, Should Be an Issuer of Money

February 26th, 2014
in Op Ed, syndication

It's good to get people thinking differently about the money system and the federal budget. But MMT's claim that the federal government issues money by spending it, and destroys the money it collects in taxes, more »

A Nonpareil Public Bank: The Fed

November 24th, 2013
in Op Ed, syndication

A lot of attention was paid this week to the IMF conference presentation by Larry Summers that bemoaned the stagnating state of a global economy stuck in a zero-bound liquidity trap.  Paul Krugman joined in the mournful dirge and others followed.  But li… more »

Are There Legal Means for a President to Overcome an Immovable Debt Ceiling

October 17th, 2013
in Op Ed, syndication

In a companion article it was argued that the debt ceiling law was unconstitutional as a matter of logical principle.  The argument made there was that only three possible actions for the president would follow the government running into a debt ceiling… more »

Martin Wolf: "Lord Turner Thinks the Unthinkable"

February 13th, 2013
in Op Ed, syndication

by Paul Kasriel alerted me in an email this morning to check out Martin Wolf's column today (13 February 2013) in the Financial Times.  Wolf's title:  "A case to reset basis of monetary policy."  The widely read associate editor and chief economics com… more »

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