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Tag: government debt

  • The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt

    This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government…

  • Fun Fictions in Economics

    Economists pride themselves on being the serious social science, the one most deserving of status as an actual science. I will let others make the comparative assessment, but there is an awful lot of nonsense that passes as serious analysis within economics.