by J. Jerrald Hayes | Oct 14, 2021 | Economics & The Economy
There is no relationship between inflation (red line) and changes in federal deficit spending (blue line). Libertarians and Republicans sell the inflation myth to widen the Gap between the rich and the rest. Let me begin at the end, with a summary:...
by J. Jerrald Hayes | Jul 5, 2021 | Economics & The Economy
History: Modern Money Theory and Stagflation Australian Real Progressives has written about full employment and the job guarantee many times previously. What follows is a historical analysis of how the mythical NAIRU came into being and why Full employment, in the...
by J. Jerrald Hayes | Feb 26, 2020 | Economics & The Economy
A brief introduction to Modern Monetary Theory (MMT) – plus resources “Great things are possible. They are possible now, and have always been possible. But they will never happen until we stand up and demand them. We will never stand up and demand them if...
by J. Jerrald Hayes | Feb 11, 2020 | Economics & The Economy, Income Inequality, Jobs
How We Think About the Deficit Is Mostly Wrong… I don’t think running a deficit is necessarily bad. I don’t think the size of the U.S. debt is a danger. Convince me I am wrong. This video helps explain my...
by J. Jerrald Hayes | Feb 4, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs
Universal Basic Income versus Jobs Guarantee-Which Serves Workers Better? The need in the United States for big new economic ideas has become obvious: despite a record low unemployment rate, the nation’s economy is failing to provide good paying jobs to those...
by J. Jerrald Hayes | May 5, 2019 | • Politics, Alexandria Ocasio Cortez, Economics & The Economy
Alexandria Ocasio-Cortez is a fan of a geeky economic theory called MMT: Here’s a plain-English guide to what it is and why it’s interesting Congresswoman Alexandria Ocasio-Cortez said Modern Monetary Theory (MMT) should be “a larger part of the...
by J. Jerrald Hayes | Apr 23, 2019 | Economics & The Economy
A very detailed walkthrough of Modern Monetary Theory, the big new left economic idea Finding the best ways to do good. Made possible by The Rockefeller Foundation. Modern Monetary Theory is having a moment. The theory, in brief, argues that countries that issue their...
