by Linda Beale crossposted with Ataxingmatter The hypocrisy of most deficit discussions Congress seems incapable of setting aside electioneering rhetoric and talking straight about taxes and deficits. The GOP claims…

…deficits, which in turn led to huge trade deficits. Back then, Japan was blamed! The harsh truth is that neither the IMF nor the Bush administration really believes in free…

by Joseph Joyce Trump and International Finance International trade and immigration were flashpoints of Donald Trump’s presidential campaign, and in his first year he has shown that he intends to…

…from this, is a common MMT-driven misconception: that the private sector can only “save” if government runs deficits (and/or there’s a balance-of-trade surplus). This whole post serves to confound that understanding. Bank…

…Obama seemed ready to trade off changes in Social Security, Medicare and Medicaid benefits for higher taxes on the very richest of the rich in August of 2011, he will…