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May 23, 2013

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Tag: Quantitative Easing


Stuart Conner (CC BY-ND 2.0)

How Congress Could Fix Its Budget Woes Permanently

Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War.

Posted on Feb 14, 2013 READ MORE



DonkeyHotey (CC BY 2.0)

The Trillion Dollar Coin: Joke or Game-Changer?

The trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.

Posted on Jan 18, 2013 READ MORE



AP/Francisco Seco

Pick Paul Krugman, Mr. President

The Nobel Prize-winning economist and public advocate is at the top of every liberal’s wish list for President Obama’s second-term Cabinet appointments.

Posted on Jan 5, 2013 READ MORE



therichbrooks (CC BY 2.0)

Why QE3 Won’t Jump-Start the Economy—and What Would

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives.

Posted on Sep 22, 2012 READ MORE



Medill DC (CC BY 2.0)

Fed Attempts to Jump-Start the Economy

The Federal Reserve ended its do-little policy on Thursday, pledging to keep interest rates near zero and announcing an open-ended commitment to buy bonds and possibly take other steps to push the economy into motion.

Posted on Sep 13, 2012 READ MORE



U.S. Treasury

Treasury Projects a Profit From Bailout

Just as Mitt Romney has locked up the Republican nomination on a boast of fiscal conservatism, President Obama’s Treasury Department has said it expects to turn a tidy $2 billion profit from TARP and other extraordinary measures taken to bail out the financial industry.

Posted on Apr 15, 2012 READ MORE  |  4 COMMENTS


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A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
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