MMT provides a textbook illustration of Stein’s Law: “If something cannot go on forever, it will stop.” MMT will work – in fact, it is working, and it will continue to work – until at some point it will stop working. When it stops, the...
No, it’s not about a pending war with Russia. It’s about China’s current war – its Stealth War – against America. And no, it’s not simply a Trade War. The U.S. and the Soviet Union waged a Cold War for 45 years. It took focused...
A Quick Report on the Economic Climate For reasons that should be apparent, this is an opportune time to take the world’s macroeconomic temperature. The global economy continues to expand, although at a decelerating pace, driven primarily by the U.S. and China, and global equity markets continue...
Does Central Planning Work? Well, does it? Citizens of the former Soviet Union and its Eastern Bloc satellites would answer with a resounding “No.” The economic failures of Soviet-style Central Planning led inexorably to government collapse, the disintegration of the Soviet Empire and the adoption of...
The Rule of Law Strict adherence to the Rule of Law has been AmericaÔÇÖs differentiator. ItÔÇÖs what has made America great. ItÔÇÖs the reason why American democracy is historyÔÇÖs most durable and why America has the worldÔÇÖs free-est press and most successful economy. ...
In February, Stockton California began America’s first experiment with a universal basic income (UBI) – sometimes referred to as “free money” – when it sent debit cards loaded with $500 to a group of preselected residents. In doing so, Stockton has begun an experiment...
