Can MMT pay for the Democrats’ Green New Deal?
The Left plans to pay for the Green New Deal using an untried theory (we will be their lab rats, again).
economic theory
Economics is burning. That’s good news.
Too bad about all the damage to America caused by bad public policy based on flawed economic theories.
The limits and flaws in our economics
Here is a great look at the problems and limits of today’s economic theory – which runs America.
A key to understanding the news: the unexpected rules in our age of wonders.
Summary: We’re in an age of wonders where the news overflows with unexpected events, things not predicted by even our greatest experts. Today we discuss two common responses to this, both ineffective: blindly accepting experts’ explanations that it’s all understood, and throwing away their advice as imperfect. There is a third and better way. {2nd …
A key to understanding the news: the unexpected rules in our age of wonders. Read More »
Look at the economy. Fight the illusion of normality. Feel the weirdness.
Summary: I don’t believe I’ve successfully communicated to our readers the extraordinary nature of our times. We too often focus on the details, but ignore this essential aspect of our situation. Since the crash (perhaps starting even before) we’ve sailed beyond the edges of the known economic “space”. We can no longer even see the …
Look at the economy. Fight the illusion of normality. Feel the weirdness. Read More »