Last weekend, I wrote about Warren Mosler’s argument that the Fed’s rate hikes could be undermining its effort to bring down inflation. While Mosler is a leading proponent of Modern…
Category: Uncategorized
More information in the Interests Channel
Last weekend, I he wrote on Warren Mosler’s argument that the Fed’s rate hikes could be undermining its effort to reduce inflation. Although Mosler is a leading proponent of Modern…
Biden wants to reduce the deficit. Powell wants to reduce inflation. Do rate hikes undermine both goals?
Last week, the chairman of the Fed, Jerome Powell said, “the disinflationary process has begun”. Many breathed a sigh of relief even like Powell he said he tells us that…
Quick thoughts on the CBO budget and economic outlook
Earlier this week, I joined Romaine Bostick and Scarlet Fu Bloomberg TV. The Congressional Budget Office (CBO) had just released its annual Budget and economic perspectives: 2023-2033, forecast government spending,…
Eight states have joined forces to raise taxes on America’s wealthiest
Tomorrow morning, I’ll be joining CNBC’s Squawk Box to talk about a new effort tax the rich The segment will air at 7:50 ET. I don’t mean the so-called multimillion…
Mike Pence would pick up where Paul Ryan left off
Former Vice President Mike Pence talks about privatizing Social Security. The remarks came Thursday before a hearing at the National Association of Wholesale-Distributors summit in Washington, DC. Here’s the comment…
The tl;dr on Powell – by Stephanie Kelton
The Fed did what it was expected to do today, raising interest rates by another quarter of a percentage point (that’s 25 basis points). How many more rate hikes will…
The “national debt” is no one’s fault
On March 27, 2018, a group of economists at the conservative Hoover Institution published an opinion piece stating that A debt crisis is on the horizon. They wrote: For years,…
These are the times that try the souls of men
These are times that test men’s souls. This was the opening sentence of Thomas Paine’s acquaintance brochure published on December 23, 1776. I found myself thinking about it while reading…
The debt ceiling is destructive, duplicative and stupid
If you’ve been reading or watching the news, you know that America came into its own self imposed debt ceiling limit of $3.381 trillion on Thursday, January 19. It’s a…