Welcome to the second weekly round up of the Money and Public Purpose group. I want to thank everyone who read, commented, and recced our diaries this week. I'd like to welcome all of our followers too. Thanks for reading!
We had some excellent diaries written this week. I've summarized some of them below. In case you missed any, I Hope you'll take a second look. Thanks to Letsgetitdone, Psyched, and newcomers gbgasser and selise for some great diaries.
The week started with a few responses to Paul Krugman's mischaracterization of MMT. (here, here, AND here.)
Letsgetitdone gave us an alternative way to view the national debt.
Selise gave us a short run-down why Modern Monetary Theory needs to be taken seriously. Selise seems to think that if you get a few big things right, where most others got wrong, you should be taken seriously.
Psyched let Washington politicians have it for caring more about numbers, than humans in Washington's Numerologists Bring Austerity to America.
I attempted to point out some of the dumber things that Marco Rubio said in his latest Wall Street Journal Op-ed in, Marco Rubio brings the Stupid.
I talked about one of the primary policy goals most MMT economists advocate which is the Federal Jobs Guarantee.
Gbgasser explained the difference between federal debt and private household debt in All debt is NOT the same.
To end the week, Letsgetitdone explains how using and understanding MMT is politically superior to neo-liberalism, in Neo-Liberalism Can't Beat the Tea Party: But MMT Can.
Thanks for reading and see you next week.