austerity

What if the US Treasury Could Order the Federal Reserve to Increase the Balance in Its Spending Account Whenever it Needed to Either Spend Congressional Appropriations or Redeem Debt Instruments and Everyone Knew that It Could?

Well, it just so happens, that it can order the Federal Reserve to do that. It’s just that not everyone knows that it can. And among those that know, there […]

We need big, big changes in the United States. Many of them will require the Federal Government to spend unprecedented amounts, including deficit spending to enable us to solve problems […]

This is how the mission of the President’s National Commission on Fiscal Responsibility and Reform was defined by the White House on February 18, 2010: The Commission is charged with […]

Below is an excerpt from my most recent e-book: Real Fiscal Responsibility, Vol. I: The Progressive Give-up Formula. The book is volume I of II critiquing austerity politics at the […]

The Eurozone is an instrument of the globalization process that is setting financial elites over all nations of the world, including the democracies. The situation in Greece exposes the true […]