We have all we need for everyone to live well.
Showing posts with label mmt. Show all posts
Showing posts with label mmt. Show all posts

Tuesday, May 3, 2016

Incrementalism



In other words, as MIT’s Michael Stepner puts it, the changes in life expectancy we’ve witnessed over the last 15 years rank as “the equivalent of the richest Americans winning the war on cancer.”
The gap widens to a chasm when you look at the 1 percent.
Forty-year-old American women among our nation’s top 1 percent can now expect to live 10 years longer than women of the same age in America’s poorest 1 percent. For men, the gap has grown even wider — to 15 years.
All these stats come from a study just published in the Journal of the American Medical Association. This new research combines IRS tax records with Social Security Administration mortality data to paint a deeply unnerving picture of 21st-century life and death.

Wednesday, April 27, 2016

The government cannot run out of money

h/t @StephanieKelton: "Permit me to translate Greenspan: 'It's about real resource constraints not financial constraints.'"


And yet people hold on to their ideas about money as though religion, and so we cannot be a modern nation with modern amenities, and the suffering shall continue. Because we think we can run out of fiat.