By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating ...
https://neweconomicperspectives.org/2020/04/standard-money-theory-and-the-coronavirus.html
By J.D. ALT It’s ironic that, at this moment, when the truthfulness and utility of modern money theory (MMT) is being publicly realized—(and even potentially implemented!)—that its singular...
https://neweconomicperspectives.org/2020/03/manhattan-project-to-prevent-hyper-inflation.html
By J.D. ALT The last two and a half months I’ve been at work on a new book. As it evolved, I found I was approaching MMT from a new direction—one which made an explanation of MMT much less co...
https://neweconomicperspectives.org/2020/03/standard-money-theory.html
By J.D. ALT With the essential collapse of the U.N. Framework Convention on Climate Change in Madrid (“Climate meeting goals go unmet” Washington Post, 12-16-19) we now approach the first day...
https://neweconomicperspectives.org/2019/12/parable-for-the-new-decade.html
Inflation & Consumption By J.D. ALT Let’s quickly recap: I outlined, in PART 3, an argument that modern society has evolved in ways that necessitates a dramatic increase in public enterprise—...
https://neweconomicperspectives.org/2019/12/the-peoples-money-part-4.html
An Explanation of the Federal Reserve Money system and what it means for the potential accomplishments of American Democracy By J.D. ALT The big surprise of our tour of the Federal Reserve system...
https://neweconomicperspectives.org/2019/11/the-peoples-money-part-3.html
An Explanation of the Federal Reserve Money system and what it means for the potential accomplishments of American Democracy By J.D. ALT Let’s begin by restating what I think was the main insig...
https://neweconomicperspectives.org/2019/10/the-peoples-money-part-2.html
An Explanation of the Federal Reserve Money system and what it means for the potential accomplishments of American Democracy By J.D. ALT “Reserves”—that esoteric term in money-talk that ...
https://neweconomicperspectives.org/2019/10/the-peoples-money-part-1.html
By J.D. ALT Elizabeth Warren has succeeded, I think, in framing an argument as close as anyone is going to get (in the present election cycle) to the progressive position of MMT. Warren acknowled...
https://neweconomicperspectives.org/2019/09/two-cent-message.html
By J.D. ALT There’s a lot of handwringing now about how central banks have no ammunition to fight a recession. The fact that this is apparently true—and, perhaps, uniquely true in modern hist...
https://neweconomicperspectives.org/2019/09/awakening-the-investor-in-whole-society.html