The Real Fiscal Responsibility Talk Show Pilot Project
This project is for everyone tired of hearing economic commentary from those who got everything wrong. For decades the the doctrine of “Fiscal Responsibility” interpreted as long-term deficit reduction and Government austerity has had a secure place in American politics. The three of us proposing this project believe that this doctrine is the economic equivalent of the medieval notion that patients must be bled to cure them of disease.
The notion that austerity is necessary after running budget deficits caused by economic downturns is false and damaging to economies all over the world. We have opposed targeted deficit reduction and austerity in the blogosphere and in an e-book since 2010. Yet despite our efforts and the efforts of many others who using the Modern Money Theory (MMT) approach to economics, as well as other post-Keynesians, the mythology of austerity still survives, waiting in the wings until the next debt ceiling or budgetary crisis provides an opportunity for austerity partisans to push their nostrums of spending cuts and “Grand Bargains” once again.
We value Real Fiscal Responsibility highly, but that doesn’t lie in targeted deficit reduction, or in spending cuts for their own sake. Instead, it lies in targeting real impacts, real benefits, and real results, and fulfilling the needs of real people. We want to replace the false and damaging austerian accountant’s green eyeshade paradigm of so-called Fiscal Responsibility, evaluated against the arbitrary standards and scare tactics of debt-to-GDP ratios and public debt levels, with the human scale paradigm of Real Fiscal Responsibility, evaluated against the standard of fulfilling public purpose.
We seek funding for a pilot project for a new radio/video series that will present, and advocate for this paradigm change. The project will create six shows that we will then use to get the series picked up by an existing cable network.
Please visit the donation page.
Tag Archives: MMT
Bulgaria fyi
MEMMT activist tour June 10-23
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Google Translate:
Paul Barnard and Warren Mosler meet the activists of local groups on a tour that will begin on June 10 in Montalto Uffugo (Cosenza) and will end on 22 June in Cant (Como).
In this route there will be public meetings of which we will detail shortly.
It will also be available in the next few days, the material event disclosure.
It is a unique event: the economist who says “The eurozone is a crime against humanity, because unemployment creates social horrors and is kept on purpose” will be in Italy alongside Paul Barnard and activists ME-MMT .
The local groups are already working to organize the individual stages: contribute to the organization by donating a contribution.
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Mosler/Murphy ‘debate’
Turkish Fin Min tweet on mmt
Go Ryan!
BULGARIA and modern monetary theory (MMT)
The purpose of this blog is to introduce and educate Bulgarian citizens with Modern Monetary Theory (MMT), which explained how knowledgeable and capable government can achieve permanent full employment and stable prices.
Manifesto
Congrats to Paolo Barnard who has published this manifesto based on the principles in ‘Soft Currency Economics’ and what is now known as MMT!
Wish I could read Italian!
MMT in Forbes
More MMT moving up to the big time.
Maybe, of course, because it gives Republicans a basis to attack Clinton.
Did Bill Clinton’s Budgets Really Destroy the American Economy?
By Karl Whelan
MMT in Italy
Translation:
The national launching of the book by W. Mosler – The Seven Deadly Innocent Frauds
MI – Feast of the Southern Italians (Meriondalisti italiani)
MMT Democracy
Modern Monetary Theory
To build an economy that saves lives, saves the state, and saves democracy
A state with sovereign money, legitimized by the citizens, that spends with a positive deficit for the benefits of us 99%, that is the only true democracy.
Daniele Basciu of MMT Democracy – Italy will be at the event in Vasto, CH
The national launching of the book by W. Mosler – The Seven Deadly Innocent Frauds