This project is for everyone tired of hearing economic commentary from those who got everything wrong. For decades the the doctrine of Fiscal Responsibility interpreted as long-term deficit reduction and Government austerity has had a secure place in American politics. The three of us proposing this project believe that this doctrine is the economic equivalent of the medieval notion that patients must be bled to cure them of disease. The notion that austerity is necessary after running budget deficits caused by economic downturns is false and damaging to economies all over the world. We have opposed targeted deficit reduction and austerity in the blogosphere and in an e-book since 2010. Yet despite our efforts and the efforts of many others who using the Modern Money Theory (MMT) approach to economics, as well as other post-Keynesians, the mythology of austerity still survives, waiting in the wings until the next debt ceiling or budgetary crisis provides an opportunity for austerity partisans to push their nostrums of spending cuts and Grand Bargains once again. https://indiegogo/projects/real-fiscal-responsibility-today-radio-and-tv-show
Posted on: Thu, 25 Sep 2014 02:16:11 +0000
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