The US Savings Bond Scam

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

Narrated by the author. 
Original Article: "A Review of Stephanie Kelton’s The Deficit Myth".

It will be very interesting if the police—who did nothing to disperse protests that were obviously in violation of bans on mass gatherings—turn around and arrest business owners and other "violators" of a second round of stay-at-home orders.

Economist Irving Fisher famously said just before the 1929 stock market crash, “Stock prices have reached what looks like a permanently high plateau.” Whoops. Fisher wasn’t just any old economist. Joseph Schumpeter called him "the greatest economist the United States has ever produced." Milton Friedman and James Tobin agreed.

It was only eight months ago that Bolivia concluded a bizarre political conflict that saw President Evo Morales step down from office. Morales was pursuing a fourth presidential term but encountered numerous constitutional roadblocks.
Protesters cited irregularities and alleged voter fraud during elections in October 2019 as the principal motive behind their demonstrations.

It’s been clear for decades that national news organizations such as CNN and the New York Times tend to be biased in favor of social democracy (i.e., “progressivism”) and what we would generally call a “left-wing” ideology.

Both private sector businesses and police departments believe there is a good chance there will be postelection unrest. Both groups are taking steps to protect themselves in case of riots. Some left-wing protest groups state they plan to do “whatever it takes” to make sure the correct candidate—i.e., Joe Biden—wins. The National Guard has mobilized in several states in anticipation of riots.

[unable to retrieve full-text content]Presidential election 2020 is the same as every other, except in the ways it isn’t. Allow me to expand on this. What is the same? The purpose of all elections is to allow a band of people called the state to legitimize their claim of control over everyone and everything within a given jurisdiction.

In his writings, Milton Friedman blamed central bank policies for causing the Great Depression. According to Friedman, the Federal Reserve failed to pump enough reserves into the banking system to prevent a collapse in the money stock.1 The adjusted money supply (AMS), which stood at $26.6 billion in March 1930, had fallen to $20.5 billion by April 1933—a decline of 22.9 percent.