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Introduction: Net Benefit for Public Purpose I look at tariffs as instances of foreign and trade policy, and policy more generally. I also think that all policies, domestic and foreign, […]

Yes, it is. However, the “pay-go” system is one that a progressive House of Representatives will have to get rid of. The reasons for this are (1) the system is […]

If a candidate for the House or Senate decides to answer “How will you pay for it?” by using OCF, then before too long someone who cares about that question […]

Here is the best answer to the question posed in the title. I invite every progressive political candidate to use it in 2018 and future elections. Article I, Section 8 […]

Periodically, as reaching the debt ceiling approaches, a spate of articles and posts appear in the mainstream media warning about an impending government financial crisis, and doing so in a […]

Dear Senator (or Congressman)  _________ The simple answer to the question “how are you gonna pay for it?” is for Congress to both: (1) mandate the Treasury to spend its […]

Joy Marie Mann’s recent interview with Texas Congressional candidate Linsey Fagan revealed a person with good intentions and a progressive disposition who needs some education in monetary realities and in […]

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Debt ceiling crisis politics has now provided us a temporary respite by getting a Continuing Resolution passed that will re-open the government until the next deadline for broader agreement on […]

Of course, it is better to teach them both these things, but I believe that it is better for now to view teaching about Overt Congressional Financing (OCF) as a […]

Seeking “some education” Jared Bernstein recently asked some questions about MMT (Modern Money Theory).This series is my effort at some answers. Part I is about deficit spending. Part II covers […]