…But I digress. I come not just to praise Paul Krugman but also to refute him. Well, actually to refute his argument today that it’s okay if Obama doesn’t address…

I voted for Obama both times. I don’t regret that at all. I think he was among our better presidents, although that’s a pretty low bar. One of the things…

…deficit this year will keep on growing, but he doesn’t really say so. The deficit might keep growing or it might not. The recession could end, and then cash flow…

…1 whether it is tax financed or deficit financed (this also requires that money demand depends on private consumption, that is that the Treasury doesn’t have to keep a significant…

…Dems lose Congressional seats in the fall elections, the GOP would be even more likely to push through more deficit-increasing tax cuts, while still arguing against deficits to justify privatization…

…deficits) and also for policy makers to address the demographic issues for the elderly programs. An example of a policy change was the work of the Greenspan Commission on Social…

…in a moment.) Federal Deficit Spending Modern monetary theory has hammered this point home over decades, to the point that pretty much everyone understands it: When the U.S. Treasury deficit-spends,…

From the MSBN comes this announcement from President Obama on agenda for reform of the social safety net. President Barack Obama raised anew the issue of cutting entitlements such as…

…bond interest, Medicare payments, Social Security payments, veterans benefits)–is something that almost no member of the general public knows. Obama keeps saying, in a single sentence, that he won’t allow…

I am going to try to explain the fundamental difference between federal investment GM and federal loan guarantees. This is politically important, because the Obama administration invested in GM by…