This “Cure” For The Economy Could Kill It

This “Cure” For The Economy Could Kill It

May 6, 2020 | Economic Collapse

The economy remains under lockdown, although some states are beginning to relax restrictions. As with so many other aspects of American life, there’s been a red state/blue state divide. Red states are generally more willing to reopen their economies, while harder-hit...
Modern Monetary Theory Is an Old Marxist Idea

Modern Monetary Theory Is an Old Marxist Idea

Mar 13, 2020 | Uncategorized

Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures...

Icahn Rips MMT, Warns It Could Lead to an ‘Inflationary Spiral’

May 5, 2019 | News

Billionaire Carl Icahn says inflation could revive and spin out of control if policy makers were to embrace modern monetary theory. Icahn, a former special adviser to President Donald Trump, is the latest financial heavyweight to denounce the progressive economic...