The Progressive Economics Forum: Who’s Bailing Whom? Challenging the Private Credit System

The time since 2008 has been a crucial historical moment for progressive economists to pull back the green curtain that surrounds the operation of the for-profit banking system, and expose that system for what it is: a government-protected, government-subsidized license to print money. The problem is, as soon as you start saying things like that, people […]

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The Skwib: Somewhere in the Heartland

The economic downturn and subsequent collapse of civilized society was not welcome by most people. But for the Pesquahoddy Mustard Gas and Swine Flu Enthusiast’s Club, the collapse had been a panacea. Membership was way up, and their annual soiree, the much-anticipated Gas Masquerade actually turned a profit this year! Membership in The MonkeySphere is […]

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The Progressive Economics Forum: MMT: What it Means for Canada

Arun Dubois’ blog post yesterday on Modern Monetary Theory has prompted me to write my own take on the subject.  For those interested, an interesting thumbnail sketch of MMT, essentially functional finance augmented by a full understanding of monetary operations, is explained at http://johnsville.blogspot.com/2011/06/modern-monetary-theory-mmt-in-nutshell.html. While MMT deals with the details of monetary and fiscal matters, […]

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The Progressive Economics Forum: Tea Party North

Last week, Travis noted Terry Corcoran’s strained argument that over-regulation of banks is what ails the global economy. Terry’s next column went even further off the deep end, endorsing the hard-money libertarianism of gold bugs like Eric Sprott. Today’s column is a full-blown defence of the US Tea Party. I have the following response to […]

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