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neoliberalism

letsgetitdone's picture

More Misdirection from Rampell in the Service of Generational War

In my last post, I took issue with a recent column by Catherine Rampell, who tries to make the case that seniors haven't paid for their Social Security and Medicare because they “generally receive” more in benefits out of these programs than they pay into them. Rampell relies on an Urban Institute study to make her case. Since that post, she's offered another that replies to some of the questions raised by commenters on her earlier effort. I'll reply to that new post shortly, but first I want to present key points emerging from my analysis of Federal monetary operations in my reply to her earlier post. See that post for the full argument.

First, once Congress mandates spending, there is no way that the Treasury can be forced into insolvency or an inability to pay its obligations as long as it is willing to make use of all the ways it can cause the Fed to create reserve credits in Treasury spending accounts which can then be used for its reserve keystroking into private sector account activities that today represent most of the reality of Federal spending. Read below the fold...

danps's picture

Greenwald, Rosen, Scahill and the price of one's journalistic soul

A newly announced media has received a great deal of advanced praise from the left, but its owner's political leanings might shape its direction in a way progressives may not like.

Cross posted from Pruning Shears. Read below the fold...

letsgetitdone's picture

An MMT Fiscal Responsibility Narrative: Some Truths After A Second Crowd Sourcing Revision

Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in some detail. Off hand, and I may have forgotten something, I couldn't think of a brief positive MMT narrative related to fiscal responsibility containing primarily the truths, rather than the myths. Read below the fold...

letsgetitdone's picture

An MMT Fiscal Responsibility Narrative: Some Truths After Crowd Sourcing Revision

Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in some detail. Off hand, and I may have forgotten something, I couldn't think of a brief positive MMT narrative related to fiscal responsibility containing primarily the truths, rather than the myths. Read below the fold...

letsgetitdone's picture

An MMT Fiscal Responsibility Narrative: Some Truths

Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in some detail. Off hand, and I may have forgotten something, I couldn't think of a brief positive MMT narrative containing primarily the truths, rather than the myths. So, here's my version. Comments, criticisms, recasting in more effective form, are all welcome.

-- The US Government can't involuntarily run out of fiat money because it has the constitutional authority to create it without limit. Congress constrains and regulates this ability; but its existence is still a stubborn fact! Read below the fold...

tarheel-leftist85's picture

Parasitism and Pooling

[I'm leaving this sticky because I've been struggling for months with a massive theory of everything on the market state, and this discussion is useful to me. So feel free to stretch out with theories in comments! --lambert]

[I'm stickying this because the thread this comment came from was terrific, and because the writer is combining a lot of ideas in a very concise way -- and his grandma bought in! Hard to argue with that... Also, I like Theories of Everything, which this post is. --lambert] Read below the fold...

Thoughts on Neoconservatism and Neoliberalism

I got to thinking today about how neocon and neoliberal are becoming interchangeable terms. They did not start out that way. My understanding is they are ways of rationalizing breaks with traditional conservatism and liberalism. Standard conservatism was fairly isolationist. Conservatism's embrace of the Cold War put it at odds with this tendency. This was partially resolved by accepting the Cold War as a military necessity despite its international commitments but limiting civilian programs like foreign aid outside this context and rejecting the concept of nation building altogether. Read below the fold...

Richard K. Moore Defines the MATRIX (counterpoint to Obama’s 2011 Mideast Speech Matrix-Enabling)

Thread: 

(535 Obama-dumping days until 2012 election-Hugh's Obama's Scandals List)

An article well worth reading word for word is “Escaping the Matrix: Are you ready for the red pill?” by Richard K. Moore, written in 2000. He launches his declarations: Read below the fold...

fairleft's picture

Haiti response: pathetic or powerless?

The only way this ['relief in the short term or a better life in the long one'] will really happen is if the Haitians have a functioning and legitimate state capable of providing for the needs of its people. The US military, the UN bureaucracy or foreign NGOs are never going to do this in Haiti or anywhere else.

-- Alex Cockburn Read below the fold...

chicago dyke's picture

On Neoliberalism and False Dualities

This essay is very good and I'd encourage you to pass it around, but it likely has too many big words and doesn't have shiny flashy stuff in the sidebar, so I doubt I'll be able to get many folks to read it. Still, this part struck me especially:
Read below the fold...

BDBlue's picture

Bipartisanshit: Obama's Education Policy Endorsed by Newt Gingrich, Al Sharpton

Thread: 

The Black Agenda Report has been documenting the atrocities of the Obama education policy, including the traveling sales trio of Gingrich, Sharpton and Education Secretary Duncan. Now, why, you may ask, would Newt Gingrich endorse Obama's education policies? And shouldn't such an endorsement be a huge red flag to anyone who thinks government - and public schools - should and can work since, you know, Gingrich has spent his entire career working to destroy government. Read below the fold...

FrenchDoc's picture

The Failed Promises of International Aid

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"Aid does not work" is a meme we often hear when it comes to development. Read below the fold...

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