Progressive Economics Gets A Toehold in Congress

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Wednesday January 07, 2015 · 6:00 AM PST

2015/01/07 · 06:00

In a major development that has excited progressive economists, one of their own has been named Chief Economist on the Senate Budget Committee. Dr. Stephanie Kelton, a major proponent of Modern Money Theory (MMT; Modern Monetary Theory), was hired by Senator Bernie Sanders (I-VT), as Chief Economist on the committee.

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Saturday July 26, 2014 · 3:10 PM PDT

2014/07/26 · 15:10

My friend's mother witnessed the nuclear destruction of Hiroshima at a distance but was unharmed physically. Later in the US she married multiple times and it seems that her daughter, Wakana, half Caucasian, became the person towards whom she directed her trauma-induced hostility. Even now when so many things have fallen through for Wakana, her mother rejects even the smallest assistance, which she could easily afford, to help her daughter from falling into homelessness. Her father long ago disappeared. The social safety net is being counterproductive.

psyched for Money and Public Purpose

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Tuesday November 12, 2013 · 9:00 AM PST

2013/11/12 · 09:00

Imposing a budget ceiling or debt limit on the federal government is irrational and unrealistic. Progressive economists know that government "debt" or "spending" is actually an investment in the national economy. Government investments grow the economy and provide for the welfare of its citizens. Conservatives act as if the federal government must follow the budgeting practices of a household, business, city or state; i.e., obtain money before they can spend it. The government, however, is the creator of the money that these other entities must budget.

psyched for Hunger in America

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Sunday April 28, 2013 · 9:00 AM PDT

2013/04/28 · 09:00

The news has came through of the death last Monday of Dave Gold, founder of the 99-Cents Only Stores.

http://www.latimes.com/...

I had never heard the fascinating story of the man who indirectly helped so many low-income people keep food on their tables in both recessionary and "normal" times.

psyched for Money and Public Purpose

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Wednesday March 13, 2013 · 7:00 AM PDT

2013/03/13 · 07:00

There are many ways that RW conservatives can try to counter your good progressive writings, but here's a particularly blatant and potentially damaging dirty trick used on one of our own Kossacks who had just published a carefully-reasoned book on progressive economics.

After the long, intensive labor involved in producing a timely e-book for distribution on Amazon, one is left at the mercy of reviewers who can rate it on a 1-5 scale. The starred scale appears prominently alongside the image of one's book and can be a deterrent to a potential reader's looking into or buying the book if the rating is low.

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Monday March 04, 2013 · 6:05 PM PST

2013/03/04 · 18:05

The famous platinum coin of mega-dollar denomination is not dead. The entire platinum coin story, with its uses and justification, has just been published by Kossack Letsgetitdone, aka Joe Firestone. His Kindle book brings together everything important that has been said about this unique monetary phenomenon.

Please follow over the fold to read more.

psyched for Hunger in America

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Wednesday February 27, 2013 · 3:19 AM PST

2013/02/27 · 03:19

Viewers literally watched a hospitalized child die of starvation in the 1968 CBS TV documentary and the public was outraged. There were 10 million hungry Americans then, and now there are 50 million, in spite of good efforts inspired by the film's revelations.

When public pressure grew, then Senators McGovern (D) and Dole (R) joined forces to tackle this problem. The food stamp program was the highlighted result of congressional effort and for a time the problem seemed to be under control.

But the problem was not to go away. Please read why below the fold.

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Monday February 25, 2013 · 6:00 AM PST

2013/02/25 · 06:00

A DK commenter recently said he might stop writing because, being just an ordinary guy, not an expert or influential person, he felt he could not impact the many problems we face. Discouraged, he would give up writing comments and diaries, since they had no apparent effect upon our political, moral or economic discourse.

Lest more of us fall victim to the same despair, please read these thoughts on the subject, below the fold.

psyched for Money and Public Purpose

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Monday February 18, 2013 · 6:00 AM PST

2013/02/18 · 06:00

The love that we offer to our valentines has no limit. It is a process, not a bunch of physical stuff that we dole out. Of course we give gifts of physical stuff to loved ones, but love itself is invisible; it is an abstraction, a process. It is a process of promoting the well-being of loved ones. And because it is unlimited, it cannot be measured. A thing of infinite dimensions cannot be divided into equal units; we need a beginning and an end point before we can lay down a ruler.

You may object that the lover will eventually die, putting an end to his process of loving, and therefore it is not infinite. However, the time of death is never known in advance, and thus a process with an unknown end point is for all practical purposes infinite, and while the love is in process it cannot be measured, that is, broken down into units.

Valentine's Day brought these thoughts to mind and I was struck by the similarities between love and money (since I think about money a lot). Please continue below the fold.

psyched for Money and Public Purpose

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Friday February 01, 2013 · 9:00 AM PST

2013/02/01 · 09:00

Hai! My name is Cliff--"Fiscal" Cliff, dey calls me.
I is heer to tell you about teh foolish tings dat hoomins say when dey tawk about munny.
Us cats don't eben USE munny, so we no haz to say foolish stuff.
But teh hoomins dat feed us sumtimes say dey haz no munny and can't feed us!

I wanna be shoor dat hoomins can feed us, so I ax dat smart cat Bodhi to tawk to yuz.

Bodhi is Siameez, so he's berry, berry smart and he studied at teh Universitee of Catifurnia and lurned to speek purrfeck English so you can unnerstan him.

So if you wanna lurn teh real troof about munny, just slink past dat orange dawg chasin his tail and meet Bodhi

psyched

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Sunday November 04, 2012 · 11:38 AM PST

2012/11/04 · 11:38

Romney's record as Massachusetts governor (2003-2006) deserves more attention. We don't hear much about his steady decline in public approval prior to his decision to not seek re-election, but instead to begin a campaign to inflict himself upon the national political scene.

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Tuesday June 19, 2012 · 6:30 PM PDT

2012/06/19 · 18:30

Californians must urge their state legislators now to release Proposition 1A High Speed Rail bond funds before a July 1 deadline in order to match $3.3 billion in Federal funds.

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Progressive Economics Gets A Toehold in Congress

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Why a federal debt limit is irrational

Death of one whose stores help the poor and hungry

When Right-Wingers Sabotage Your Progressive Writings

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Hunger in the US has jumped 500% since "Hunger in America" aired

Kossack to quit posting? No!

Valentine Weekend: An Insight on Love and Money

Cats Tell the Truth about Money

Governor Romney was a failure

CA High Speed Rail Critical Decision