SCOTT PELLEY: Is that tax money that the Fed is spending? BEN BERNANKE: It’s not tax money. the banks have — accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. So it’s … Continue reading The Revolutionary Potential of Modern Money Theory
If change is to come, it will have to come from the margins. Wendell Berry You never change things by fighting the existing reality.To change something, build a new model that makes the existing model obsolete. Buckminster Fuller Before we get into what could be called a “rural strategy” for de-Trumping our non-urban areas in America, let’s do a quick recap of the overall scheme … Continue reading De-Trumping Rural America
Reagan proved deficits don’t matter. Dick Cheney Who the hell cares about the budget? We’re going to have a country. Donald Trump In Part 1, we looked at UBI as the new primary purpose of government, the only way out of the immediate predicaments of underemployment, collapsing labor value, and the political explosiveness generated by the resulting economic deprivation. Then in Part 2, we explored … Continue reading Last Chance Moonshot – Part 3: Modern Money Theory
Every important social movement reconfigures the world in the imagination. What was obscure comes forward, lies are revealed, memory shaken, new delineations drawn over the old maps: it is from this new way of seeing the present that hope emerges for the future…Let us begin to imagine the worlds we would like to inhabit, the long lives we will share, and the many futures in … Continue reading Election 2024: The Aftermath
As we come down the home stretch of the shitshow that is the 2024 Presidential election, it has become clear that our problem is not just Trump, or his legion of followers, or even the entire American political system, which has tipped over completely into plutocratic servitude. What is really crippling us is a dysfunctional set of ideas, a system of zombie ideas so entrenched … Continue reading Hard to Kill: Zombie Ideas That Need Slaying
No plea to return to ‘normality’ or the ‘everyday’ is now worthwhile. Only the extraordinary can save us. Gregory Claeys The real question is: How much truth can I stand? Nietzsche The 2024 presidential race is an unusual animal, in that there are really no On-the-Fence voters this time around. A recent Quinnipiac poll had Undecideds at 1%, the same number that refused to answer, … Continue reading How Should Biden Win?
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete. Buckminster Fuller This past week, Donald Trump won the NH primary, all but locking up his candidacy for the fall. So we’re fated for a rematch that most Americans want no part of, and the odds are that Trump will come out on … Continue reading A Different Game: A New Liberal Playbook
Last time, we looked at how bad things are from an ecological perspective, and how a universal cognitive dissonance has emerged, coming from the lack of congruity between the pending collapse we all sense and the various delusional stories we are being told about possible paths to the future. This creeping sense of disoriented dread is exacerbated by the lack of any workable points of … Continue reading The Cheat Code for Preventing and/or Surviving The Coming Collapse (Part 2)
I want to leave my country without leaving my home. Kirkpatrick Sale We’ve got to get ourselves back to the garden. Joni Mitchell A couple months ago, my wife and I finally got down to Costa Rica on vacation, for 10 glorious days. We have been trying to get there for a while now, but you know… pandemic and post-pandemic and all that. As we … Continue reading Our Civilization’s Crisis of Place
The difficulty lies not so much in developing new ideas as in escaping from old ones. John Maynard Keynes New House Speaker Kevin McCarthy has been engaged in talks with the White House over the past couple weeks, in an effort to prevent the US government from ‘defaulting’ on its debt later this year. As has happened many times over the last few decades, the … Continue reading Does the Debt Ceiling Matter? Yes and No (and probably not the way you’re thinking)
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