Richard Wolff: Global Capitalism Is Theft

Richard Wolff / Common Dreams Jan 31, 2020 The economist and University of Massachusetts professor explains how government debt is manipulated to rob the lower classes. Dig deeper ( 4 Min. Read )

Democrats Can Have Their Progressive Policies and Pay for Them Too

Ellen Brown / Truthdig Jul 8, 2019 As China and Japan have long demonstrated, the government can generate the money it needs simply by creating it on the books of its own banks. Dig deeper ( 7 Min. Read )

The Secret to Funding a Green New Deal

Ellen Brown / Truthdig Mar 19, 2019 Public banks, including a central bank operated as a public utility, could generate billions without raising taxes or driving up the debt. Dig deeper ( 7 Min. Read )

The Venezuela Myth Keeping Us From Transforming Our Economy

Ellen Brown / Truthdig Feb 7, 2019 U.S. critics of Modern Monetary Theory who point to Venezuela’s hyperinflation are missing the big difference between the two countries. Dig deeper ( 7 Min. Read )

The Insider’s Economic Dictionary: I Is for Ideology

By Michael Hudson Nov 30, 2013 Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.) Dig deeper ( 7 Min. Read )

Will the Harvard Austerity Error End Economic Sadomasochism?

Alexander Reed Kelly / Truthdig Apr 22, 2013 "It seems unlikely," anthropologist and author David Graeber writes. "After all, as I and many others have long argued, austerity was never really an economic policy: ultimately, it was always about morality." Dig deeper ( 3 Min. Read )

The Secret of Modern Monetary Theory

Alexander Reed Kelly / Truthdig Mar 20, 2013 Leaving the gold standard in 1971 meant the U.S. was free to manage its money supply to prevent deflation and "truly damaging levels of inflation." But mainstream economists, led by the free-market Chicago School, have ignored this fact, leaving the public's fate to the caprices of markets for decades. Dig deeper ( 2 Min. Read )

How Congress Could Fix Its Budget Woes Permanently

By Ellen Brown, Web of Debt Feb 14, 2013 Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War. Dig deeper ( 7 Min. Read )

Libertarian Dream Cities: Coming to Honduras

Alexander Reed Kelly / Truthdig Feb 13, 2013 Independent cities run entirely by the business class? They're in the making in Honduras, where President Porfirio Lobo Sosa has proposed the creation of autonomous, nondemocratic, privatized metropolises, or "Ayn-Randias," as University of Missouri-Kansas City economist William Black calls them. Dig deeper ( 1 Min. Read )