“Taxpayer Money” Threatens Medicare-for-All (And Every Other Social Program) by Jim Kavanagh

HealthOverProfit-First-Shot-20180409_224859

Image by Backbone Campaign via Flickr

Dandelion Salad

by Jim Kavanagh
The Polemicist, Sept. 18, 2018
September 20, 2018

Three assertions:

  • There is no such thing as “taxpayer money.”
  • Taxes do not pay for government spending. (Nor does debt. No revenue is needed.)
  • Leftists who continue to talk as if “taxpayer dollars” must be collected to “pay for” government programs are undermining Medicare-for-all and every other progressive policy initiative.

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The Life and Times of Michael Hudson: From Trotsky’s Godson to Modern Monetary Theory

Capitalism Kills

Image by Infinite Ache via Flickr

by Michael Hudson
Writer, Dandelion Salad
August 11, 2018

Global University for Sustainability on Jul 11, 2018

The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.

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Michael Hudson, Stephanie Kelton, et al: Why Monetary Theory and Policy Is a Critical Terrain For the Left (Left Forum 2018)

Smash Capitalism!

Image by Dirk Gently via Flickr

with Michael Hudson
Writer, Dandelion Salad
June 7, 2018

OpenUnivoftheLeft on June 5, 2018

Left Forum 2018: As our demands grow bolder—true full employment, the rebuilding of the social safety net starting with Medicare for All, an overdue green and just transition—so will the naysayers’ inevitable refrain: “How will you pay for it?” Developments in our understanding of monetary theory and the money system has, thankfully, illuminated a path forward out of the trap of austerity: when we understand how money actually works, we know that the obstacles to bold action at a national scale on jobs, healthcare, and climate are political, not economic.

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Deconstructing the State: Getting Small, Part 6 by Arthur D. Robbins

by Arthur D. Robbins
Writer, Dandelion Salad
Paradise Lost, Paradise Regained
May 9, 2017

War has indeed become perpetual and peace no longer even a fleeting wish nor a distant memory. We have become habituated to the rumblings of war and the steady drum beat of propaganda about war’s necessity and the noble motives that inspire it. We will close hospitals. We will close schools. We will close libraries and museums. We will sell off our parklands and water supply. People will sleep on the streets and go hungry. The war machine will go on.

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Ellen Brown: Breaking Through the Money Power

For All Debts...

Image by AK Rockefeller via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 30, 2016

“Commercial banks create money, in the form of bank deposits, by making new loans… 97% of the [money] currently in circulation [is] created by commercial banks themselves.”

— “Money creation in the modern economy”, Quarterly Bulletin, 2014 Q1, Bank of England

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Overt Money Financing: Raining Money on Main Street by Ellen Brown

For All Debts...

Image by AK Rockefeller via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 22, 2015

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ Is 12-18 Months Away.”

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After 100 Years, It’s Time to Make the Federal Reserve a Public Utility by Ellen Brown

Federal Reserve Building in Washington D.C. - Illustration

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 22, 2013

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed?

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How Congress Could Fix Its Budget Woes, Permanently by Ellen Brown

Defeat Capitalism!

Image by Dandelion Salad via Flickr

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
February 13, 2013

As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. After a thorough analysis of statistics from dozens of countries forced to apply austerity plans by the World Bank and IMF, former World Bank chief economist Joseph Stiglitz called austerity plans a “suicide pact.”

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Keiser Report: Sharkboy and Lava Girl + Michael Hudson on Modern Monetary Theory

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
March 8, 2012

on Mar 8, 2012

In this episode, Max Keiser and co-host, Stacy Herbert, discuss boating accidents with Sharkboy and Lava Girl and a futures market to lay off your Blythe Masters risk. In the second half of the show, Max talks to Dr. Michael Hudson about Modern Monetary Theory at the University of Missouri – Kansas City and about the Chicago Boys gutting the economic competition, literally.

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MMT (Modern Monetary Theory) as an ECB (European Central Bank) Alternative by Michael Hudson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
February 27, 2012

2,181 Italians pack a Sports Arena to learn Modern Monetary Theory:
The Economy doesn’t Need to suffer Neoliberal Austerity

I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to lecture for three days on Modern Monetary Theory (MMT) and explain why Europe is in such monetary trouble today – and to show that there is an alternative, that the enforced austerity for the 99% and vast wealth grab by the 1% is not a force of nature.

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From State Debt to State Money by Rudo de Ruijter

By Rudo de Ruijter
Guest Writer
Dandelion Salad
Independent researcher
www.courtfool.info
Netherlands
Nov. 28, 2011

Brussels wants the keys to the national treasuries of the 17 Euro-countries. Only this way can they save the Euro, they say. The ESM-treaty has already been signed. If the national parliamentarians ratify it, it will be the end of our sovereign democracies. Do we want that? Is there an alternative?

For those who know how the money system works, the logical solution to today’s problems are fairly simple. A bank reform. On TV, at least in the Netherlands, the subject is still taboo [1], but if you want to know how it works, you can find an explanation here. (And if you already know all this, you can scroll immediately to 2. bank reform.)
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Time for an Economic Bill of Rights by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 11, 2011

Capitalism Kills

Image by Dandelion Salad via Flickr

Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

We are beginning to understand, and Occupy Wall Street looks like the beginning of the revolution.

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Ellen Brown: The parasites have run out of their food source

with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 3, 2011

M&I Move Your Money Campaign

Image by Karen Hickey @ wisaflcio via Flickr

on Nov 3, 2011

Ellen Brown author of “The Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free” talking about the public banking system and the Bank of North Dakota October 26, 2011 at Kan Hall, University of Washington, Seattle, WA.

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Ellen Brown: How the silent liquidity squeeze keeps jobs from being created

M&I Move Your Money Campaign

Image by Karen Hickey @ wisaflcio via Flickr

with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 2, 2011

on Oct 27, 2011

Ellen Brown, author of Web of Debt, discusses how the silent liquidity squeeze keeps jobs from being created.

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Occupy the Treasury! Pass the NEED Act – HR 2990 by Nikki Alexander + Kucinich and Chris Hedges Interview

By Nikki Alexander
Guest Writer
Dandelion Salad
http://nikkialexander.wordpress.com
Oct. 23, 2011

Capitalism Kills

Image by Dandelion Salad via Flickr

With all the hysteria about government debt and deficit spending, ostensible pretexts for annihilating the public, why is no one scrutinizing the source of the problem ~ the monetary system?

Our economy has been running on credit/debt since 1913 when Congress outsourced its sovereign authority to create the nation’s money and gave that privilege away to a cartel of private banking corporations ~ the Federal Reserve System. After 1913, our so-called ‘money’ supply could only be created by banks generating credit as loans. Continue reading