Insight and inspiration in turbulent times.
Governments of all stripes base their policies on mainstream economics. Powerful challenges to the mainstream, especially from ecological economics and modern monetary theory, explain why we are in a hole and can’t seem to get out.
The recently passed federal tax cut seems perilous for the United States government and economy. But even as some financial commentators have for years predicted chaos in the U.S. financial system resulting from soaring federal deficits, the government and the economy move forward with little disturbance. Washington, it appears, has adopted a new set of financial assumptions and they seem to be working.
