Ask yourself this: What is a job guarantee? Its a GIFT of purchasing power to the individual. A very good application of monetary policy. But its not a macro-economic as in universally experienced/aggregative application, and it doesn't arithmetically, mathematically and macro-economically address inflation...like a 50% Discount/Rebate policy at retail sale which coincidently is also a GIFT, is the ultimate direct monetary application of double-entry bookkeeping which:
1) MMT says is the way new money is created and
2) if repeated at point of loan signing or at the retail point of indebtedness i.e. your monthly loan payment
3) these two policies would A) turn chronic erosive inflation into beneficial price and asset deflation, B) double everyone's purchasing power without incurring any additional cost, C) enable everyone to purchase $100 worth of groceries for $50, buy a $60k EV for $30k while also cutting your car payment in half and a $500k house for $250k and cut your loan payment in half.
So these policies are the ultimate application of MMT. Stephanie, Bernie Sanders and AOC need to be made aware of these policies for these reasons and because they are the ultimate satisfaction and application of the political insight that "People vote their pocketbooks".
MMT aligns with the new monetary paradigm of GIFTING. SO ALIGN IT!!!
Trump's scheme is diabolically ingenious. By pursuing his crazy policies, Trump's aim is to make it impossible for the GOP to hold on to the House and Senate in 2026. So what will Republicans do? Trump will cancel the 2026 midterms (don't laugh) and Republicans will go along because it's the only way they will be able to keep their jobs. And then it will be easy to cancel the 2028 elections, and Trump will be President For Life. The guy is mentally ill, but because he controls our military and justice department (he holds "all the cards"), there may not be a way to stop him.
I may have missed prior writing, but I think it important to turn the Lens on the fiscal consequences of extreme economic inequality, especially in regard to all aspects of tax policy.
I'm someone totally dependent on SSA. The one cushion I have is an apartment for low income seniors. How long will that last? What is not being discussed is how such things happen.
Try getting a new job after a layoff over 40, let alone over 60. Try living on a low wage and/or part time job--without benefits. Then add tiring long commutes because you can't afford to live close to your job, plus the stress of constant worry about having enough for food and rent. The older you get, the less energy you have. So taking Social Security early starts to look good. Or might be the only option.
Look at what happened after the '08 crash. The Wall St. vultures who caused the economic meltdown were bailed out by the Dems. For the millions who lost jobs, pensions, homes? Nothing. Nary a word, either, about pensions lost over decades through the ruse of corporate offloading of debt onto subsidiaries subsequently declaring bankruptcy. Why? Because the neolib Ds dumped the New Deal (including financial regulations) and abandoned the majority working class decades ago.
Then look at what could have been a winning issue, as Les Leopold begged the Ds to use. In his 2024 book, he shows how stock buybacks benefitting only CEOs and their bankster cronies are financed by mass layoffs affecting millions of workers. What do you think happens to their income? To their pensions? What ripple effects has this had? From the Ds only silence. They wouldn't want to offend their corporate donors.
Not only morally reprehensible, but politically stupid. Les's book has the same anecdote as Dr. Kelton's. In 2016, Sen. Chuck Schumer said: "For every blue collar Democrat we lose in western Pennsylvania we pick up two moderate Republicans in the suburbs of Philadelphia, and you can repeat that in Ohio and Illinois and Wisconsin." Didn't work and makes it obvious their only goal is keeping personal power. Maybe they're desperate enough to listen, desperate enough to help organize the old coalitions. Maybe. After 40 years of not so benign neglect, we blue collar workers simply don't trust the Ds.
You are so correct. Republicans are handing Dems a silver platter. They should be able to control both Senate and House after the mid terms. But where are they? They need to be staging Town Halls in every R district. They should win in landslides. Wait until the tariffs kick in for the real outrage, but will any Dem or potential candidate rise to the occasion?
We’re in an existential fight for our Constitution and democracy! You and our MMT champions provided us the lens to see clearly how we the people hold all the power through congressional representation to harness fiat currency and expel the oligarchs, Christian nationalists and the rest of maga out. The training ground remains challenging as our adversaries remain well trained, arrogant, committed and entrenched in our culture. Stay strong everyone and engage in peaceful Blue Revolution to defend our Constitution!
Yes, yes and yes to every post so far. But let us realize that the only permanent change is the superlative progressive phenomenon known as a paradigm change. MMT is an excellent insight, but it does not penetrate to the core concept that applied will transform economics and the money system. No more palliatives. 7000 years of laboring under the burden of Debt ONLY as the sole form and vehicle for the creation and distribution of new money is long enough! The time for integrating the new applied concept of Monetary Gifting strategically into the economic process at retail sale and point of loan signing along with other stabilizing policies and regulations has come!!! Boldness is necessary in time of crisis and more so when multiple crises are looming up at us like they are now.
MMT is a great tool, but it’s only a tool. We the People need to reclaim ownership of ALL OUR natural resources and ALL OUR commodities, both goods and services. Services make up about 80% of the US economy and are not taxed, and they should be taxed to reduce income and wealth inequality. Those with much wealth and income use most of these services. SEE BELOW. Poor folks paint their own houses and don’t need expensive attorneys and accountants. Then take the Federal Reserve out of private hands and put it in some US NGO so it can use the US tax revenues to benefit the Greater Good and General Welfare via a non-government owned Public Bank while balancing the supply and demand of labor and other resources, avoiding inflation. Let’s not 'burn' these US tax revenues per MMT doctrine.
Wealthy individuals tend to purchase a range of high-end, specialized, and often exclusive services that cater to their self-centered lifestyles, financial whims, and luxurious cravings.
These services can be broadly categorized into the following areas: TO NAME ONLY A FEW
1. Financial & Legal Services
Private wealth management (custom investment strategies, family offices)
Ask yourself this: What is a job guarantee? Its a GIFT of purchasing power to the individual. A very good application of monetary policy. But its not a macro-economic as in universally experienced/aggregative application, and it doesn't arithmetically, mathematically and macro-economically address inflation...like a 50% Discount/Rebate policy at retail sale which coincidently is also a GIFT, is the ultimate direct monetary application of double-entry bookkeeping which:
1) MMT says is the way new money is created and
2) if repeated at point of loan signing or at the retail point of indebtedness i.e. your monthly loan payment
3) these two policies would A) turn chronic erosive inflation into beneficial price and asset deflation, B) double everyone's purchasing power without incurring any additional cost, C) enable everyone to purchase $100 worth of groceries for $50, buy a $60k EV for $30k while also cutting your car payment in half and a $500k house for $250k and cut your loan payment in half.
So these policies are the ultimate application of MMT. Stephanie, Bernie Sanders and AOC need to be made aware of these policies for these reasons and because they are the ultimate satisfaction and application of the political insight that "People vote their pocketbooks".
MMT aligns with the new monetary paradigm of GIFTING. SO ALIGN IT!!!
Trump's scheme is diabolically ingenious. By pursuing his crazy policies, Trump's aim is to make it impossible for the GOP to hold on to the House and Senate in 2026. So what will Republicans do? Trump will cancel the 2026 midterms (don't laugh) and Republicans will go along because it's the only way they will be able to keep their jobs. And then it will be easy to cancel the 2028 elections, and Trump will be President For Life. The guy is mentally ill, but because he controls our military and justice department (he holds "all the cards"), there may not be a way to stop him.
I may have missed prior writing, but I think it important to turn the Lens on the fiscal consequences of extreme economic inequality, especially in regard to all aspects of tax policy.
I'm someone totally dependent on SSA. The one cushion I have is an apartment for low income seniors. How long will that last? What is not being discussed is how such things happen.
Try getting a new job after a layoff over 40, let alone over 60. Try living on a low wage and/or part time job--without benefits. Then add tiring long commutes because you can't afford to live close to your job, plus the stress of constant worry about having enough for food and rent. The older you get, the less energy you have. So taking Social Security early starts to look good. Or might be the only option.
Look at what happened after the '08 crash. The Wall St. vultures who caused the economic meltdown were bailed out by the Dems. For the millions who lost jobs, pensions, homes? Nothing. Nary a word, either, about pensions lost over decades through the ruse of corporate offloading of debt onto subsidiaries subsequently declaring bankruptcy. Why? Because the neolib Ds dumped the New Deal (including financial regulations) and abandoned the majority working class decades ago.
Then look at what could have been a winning issue, as Les Leopold begged the Ds to use. In his 2024 book, he shows how stock buybacks benefitting only CEOs and their bankster cronies are financed by mass layoffs affecting millions of workers. What do you think happens to their income? To their pensions? What ripple effects has this had? From the Ds only silence. They wouldn't want to offend their corporate donors.
Not only morally reprehensible, but politically stupid. Les's book has the same anecdote as Dr. Kelton's. In 2016, Sen. Chuck Schumer said: "For every blue collar Democrat we lose in western Pennsylvania we pick up two moderate Republicans in the suburbs of Philadelphia, and you can repeat that in Ohio and Illinois and Wisconsin." Didn't work and makes it obvious their only goal is keeping personal power. Maybe they're desperate enough to listen, desperate enough to help organize the old coalitions. Maybe. After 40 years of not so benign neglect, we blue collar workers simply don't trust the Ds.
You are so correct. Republicans are handing Dems a silver platter. They should be able to control both Senate and House after the mid terms. But where are they? They need to be staging Town Halls in every R district. They should win in landslides. Wait until the tariffs kick in for the real outrage, but will any Dem or potential candidate rise to the occasion?
We’re in an existential fight for our Constitution and democracy! You and our MMT champions provided us the lens to see clearly how we the people hold all the power through congressional representation to harness fiat currency and expel the oligarchs, Christian nationalists and the rest of maga out. The training ground remains challenging as our adversaries remain well trained, arrogant, committed and entrenched in our culture. Stay strong everyone and engage in peaceful Blue Revolution to defend our Constitution!
Yes, yes and yes to every post so far. But let us realize that the only permanent change is the superlative progressive phenomenon known as a paradigm change. MMT is an excellent insight, but it does not penetrate to the core concept that applied will transform economics and the money system. No more palliatives. 7000 years of laboring under the burden of Debt ONLY as the sole form and vehicle for the creation and distribution of new money is long enough! The time for integrating the new applied concept of Monetary Gifting strategically into the economic process at retail sale and point of loan signing along with other stabilizing policies and regulations has come!!! Boldness is necessary in time of crisis and more so when multiple crises are looming up at us like they are now.
Are you still beating the Monetary Gifting strategy? Who has ever supported this idea you’re trumpeting?
I'm positive that the Commerce Secretary is equally cavalier about missing dividend payments or bond interest installments within his portfolio. Sure.
MMT is a great tool, but it’s only a tool. We the People need to reclaim ownership of ALL OUR natural resources and ALL OUR commodities, both goods and services. Services make up about 80% of the US economy and are not taxed, and they should be taxed to reduce income and wealth inequality. Those with much wealth and income use most of these services. SEE BELOW. Poor folks paint their own houses and don’t need expensive attorneys and accountants. Then take the Federal Reserve out of private hands and put it in some US NGO so it can use the US tax revenues to benefit the Greater Good and General Welfare via a non-government owned Public Bank while balancing the supply and demand of labor and other resources, avoiding inflation. Let’s not 'burn' these US tax revenues per MMT doctrine.
Wealthy individuals tend to purchase a range of high-end, specialized, and often exclusive services that cater to their self-centered lifestyles, financial whims, and luxurious cravings.
These services can be broadly categorized into the following areas: TO NAME ONLY A FEW
1. Financial & Legal Services
Private wealth management (custom investment strategies, family offices)
Tax optimization & offshore structuring (trusts, LLCs, tax havens)
Estate planning & legacy advisors (multi-generational wealth transfer)
M&A and private equity advisory (for ultra-high-net-worth entrepreneurs)
2. Luxury & Concierge Services
Personal concierge & lifestyle management (travel planning, exclusive event access)
Private jet & yacht chartering (fractional ownership or bespoke rentals)
High-end security (executive protection, cybersecurity for wealth)
Art & collectibles advisory (acquisition, authentication, storage)
3. Health & Wellness
Bespoke medical care (concierge doctors, longevity clinics, stem cell therapy)
Executive health screenings (at elite hospitals like Mayo Clinic or abroad)
Personal training & nutritionists (celebrity-level trainers, customized regimens)
Mental health & performance coaching (discreet therapists, peak performance experts)
4. Real Estate & Property Services
Luxury real estate brokers (off-market deals, penthouses, private islands)
Interior design & architecture (high-end firms like Kelly Wearstler or Peter Marino)
Private staff hiring (butlers, chefs, estate managers)
Smart home automation & security (custom AI-driven systems)
5. Exclusive Education & Networking
Private tutoring & Ivy League consultants (college admissions for elite schools)
Membership clubs (Soho House, YPO, invitation-only networks)
Mastermind groups & private retreats (high-level business networking)
6. Entertainment & Experiences
VIP event access (Oscars, Met Gala, F1 Paddock Club)
Private chefs & sommeliers (in-home Michelin-starred dining)
Celebrity trainers & coaches (exclusive fitness gurus)
Space tourism & extreme adventure (Virgin Galactic, private Everest expeditions)
7. Philanthropy & Social Capital
Donor-advised funds & impact investing (strategic charitable giving)
Private foundation management (for billionaires like Gates or Buffett)
Cultural patronage (sponsoring museums, operas, galleries)
Key Insight
Many of these services are discretionary, highly personalized, and often untaxed