Sanders is Right, the US Needs a Healthcare System More Like Those in Europe
Presidential candidate Bernie Sanders has reopened the healthcare debate by urging America to adopt a system more like that of other wealthy countries. “The United States is the only major country on earth that doesn’t guarantee health care to all people,” he says, “And we end up spending far, far more per capita on health ... Read more
The Case for Breaking Up Too-Big-To-Fail Banks
The presidential campaign has brought new attention to the problem of banks that are too big to fail (TBTF). As everyone agrees, the largest banks are bigger than ever. As the following chart shows, the share of all bank assets held by the four largest banks rose from 33 percent in 2007 to 41 percent ... Read more
How Is Inequality Linked to Climate Change, and What to Do About It?
Progressives see climate change and economic inequality as two of the big problems of our time. As the global aid organization Oxfam points out in a recent media briefing paper, “Extreme Carbon Inequality,” the two are “inextricably linked.” But just what is the nature of the linkage? Does inequality cause climate change? Does climate change ... Read more
Full Interview on Spanish Public TV
Here’s the full interview, from which some of the comments on public banking were culled. My answers in English with Spanish subtitles.EKO – Público TV. Link: https://www.youtube.com/watch?v=949JLYr2L90&feature=youtu.be&a
Public Banking and Boom Bust Boom
While in Spain for the launch of my Modern Money Primer in Spanish, I gave a long interview for Public Television. Parts of that interview are interspersed in this segment on Public Banking: http://especiales.publico.es/publico-tv/eko/496632/eko-la-banca-publica My interview is in English (with Spanish subtitles) while the rest is in Spanish. Other portions of my interview will be ... Read more
Occupy Germany!
Germany is a short train ride away for 300 million EU citizens. Borders are open. Occupy in the name of the 99%. Stop austerity NOW. Go in peace. Obey all laws. Support the German Labor Unions. Do not leave until the Neoliberals are thrown out. Big blockupy protest against ECB on the occasion of the ... Read more
Modern Money Theory: Why the EMU is Designed to Fail (Presentation in Madrid)
Here is a link to a video for one of my presentations in Spain. Streamed live on Mar 7, 2015 La Asociación de Economía Crítica, ATTAC, Econonuestra y FUHEM Ecosocial le invitan a la sesión “Teoría monetaria moderna: ¿Austeridad presupuestaria frente a déficits públicos?” FUHEM: The title slide of the powerpoint to accompany the talk is ... Read more
Spain’s Proposal for a Job Guarantee
Yesterday I participated in a press conference and gave the first of a series of lectures in Madrid on MMT and the Job Guarantee. At the press conference, Alberto Garzón announced his party’s plan to create a million jobs in a targeted JG: IU plantea un plan de 9.600 millones para crear un millón de ... Read more
MMT in Madrid: An Update
Another event has been added. Hope to meet Spanish followers of MMT in Madrid this week. Here are some details: Press Release: “Una idea no se realiza por ser lógicamente coherente ni con la verdad pura, ni con una humanidad pura que no existe más que como programa y finalidad ética general de los hombres, ... Read more
The Spanish Launch of Modern Money Theory
Sorry, I’ve been very busy in recent weeks, finishing up a book on Minsky and revising my Modern Money Primer for a second edition (more on both of those projects later). Meanwhile, Lola Books is gearing up to release the Primer in Spanish next week. I’ll be in Madrid for the launch and for a ... Read more