blue and red wall graffiti

Did Obama Create The 1%?

While the political left may have been the most critical voice of the wealth inequality, ironically it may have been a combination of the government and Federal reserve under a Democratic presidency that oversaw the creation of the so-called “1%”. Quantitative Easing inflates financial asset prices while causing stagnation and growing debt levels in the…Read More

gray stone columns worm's-eye view photo

Do Deficits Matter?

A recent thread on twitter from MMT proponent Stephanie Kelton got me thinking about the issue. The recent COVID stimulus funded by a massive deficit certainly has raised the question in a lot of people’s minds, though it was mainly papering over the cracks of a large amount of debt that wanted to deflate anyway.…Read More