Category Archives: Economy

Our political slush fund

https://www.cnbc.com/2019/12/12/americans-spend-over-1000-dollars-a-year-on-lotto-tickets.html

As I have been arguing for years, we can fund the hiring of public servants ourselves. And this money is not even part of the two trillion underground because lotto dollars are fully accounted for by the taxing authorities.

In short, the only problem we have is poor distribution. It is the same problem which leads to one third of food production going to waste. Bad management.

It is the problem exemplified by the pediatrician’s advice to let a baby cry 20 minutes before each feeding to teach it obedience.

MMT Rising

James K.Galbraith sounds downright optimistic. Now that we have had a second distribution from the Treasury, MMT is being validated daily. He is probably right that the attitude towards Kelton is an example of disfemism. “Let us dismiss everything that women do.” Why? Because, you know, they do not really mind. They’re about results, not plaudits.

What is “illicit trade?”

Is it transactions that are not protected and/or regulated by legislation, or are the goods and services being exchanged somehow harmful to recipients or consumers? Contaminated food stuffs might be an example of the latter. But, most commonly and globally “illicit” is a charge levied against individual traders who have failed to get someone’s permission or authorization.
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Why no second relief package?

Congress has rationed the distribution of currency to maintain themselves in office by pretending that the circulation of money is the responsibility of the Federal Reserve and its subordinate banks.  What the distribution of 2008 to counter the crash as well as the current relief efforts demonstrated is that Congress is in charge of the Treasury and can disburse currency as needed at will. Continue reading

Codependency

So, the Financial Times has now discovered a codependency between poor Donald and the stock market which “widened the gap between traders and the real economy.” Recognizing that the gambling on Wall Street does nothing to help the real economy is a start. Why they ever trusted a failed casino manager is a puzzlement.
Yellen at Treasury is a good choice. Time to put finances in the hands of women. Men tend to let affiliation get in the way.