Last week I likened our current national fiscal/monetary challenge to blacksmithing. While most of us fixate on the unmoving arm of the legislative branch, few pay much attention to the... read more →
Over the last three weeks, I have taken you into the liminal dimension of the economy as a blacksmith at work. Imagine the blacksmith representing our activity (GDP), his arm... read more →
Over the last two weeks, we’ve looked at real consequences of the government’s fiscal rigor mortis. We’ve also explored Modern Monetary Theory’s argument that the result of deficit spending is... read more →