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The Trump administration’s solution to the problem is to fire as many government workers as possible (Elon Musk’s Department of Government Efficiency (DOGE)) tosave the government money, not to save the public money or to improve health care for the populace. Rodger Malcolm Mitchell Monetary ...
Thecurrent totalof all outstanding Treasury Securities (T-bills, T-notes, T-bonds, etc.) With regard to #1, the “debt” would have some meaning if the federal government was monetarily non-sovereign: it doesn’t use a currency it issues. This resembles city, county, and state governments...
With frequent references to Thomas Hoenig, the former head of the Kansas City Federal Reserve, he’s writing about bad monetary policy. Here are some excerpts. How high will be the cost of interest rates, having been too low for too long? Events might be teaching a tutorial on the steep...
Florida with 23 million. But New York state’s budget is more than double that of Florida ($239 billion vs. roughly $116 billion). New York City, which is a little more than three times the size of Miami-Dade County, has a budget of more than $100 billion, which is nearly 10 time...
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit,eventually will run out of money. •The more federal budgets are cut and taxes increased, theweaker an economy becomes.. ...
Trump’s big health care plan was eternally coming in “two weeks.” (It never arrived, just as his many other plans and announcement never arrived.) Claimed he was named “Michigan Man of the Year.” (Never happened, though he claimed it more than 100 times. ...
With frequent references to Thomas Hoenig, the former head of the Kansas City Federal Reserve, he’s writing aboutbad monetary policy. Here are some excerpts. How high will be the cost of interest rates, having been too low for too long? Events might be teaching a tutorial on the steep ...
By the way, if you think this is just hyperbole, the federal government has been using Westchester County in New York as a guinea pig based on residential housing data. With terrible results, as you can imagine. And the Department of Housing and Urban development also has been using subsidiz...
As many of you know, Stephanie is Chair of the Economics Department at the University of Missouri, Kansas City. UMKC is the primary hub for Modern Monetary Theory, the sister of Monetary Sovereignty. Presumably, Stephanie will have the opportunity to insert some reality into the government’s ...