The "pay-for game" is that gotcha game that Conservatives like to play, wherein the ridiculous boondoggles favored by the right (billions for Trump's wall, more than a trillion in tax cuts for the wealthy, massive increases in Pentagon and intelligence agency spending, even a $16 million bomb used for no military reason) can be financed with infinite amounts of deficit spending, while any program that benefits the majority of America needs has to be "fully funded," generally by making cuts in other programs that benefit the majority of America — something that the idiotic Democratic establishment has bought into.
Alexandria Ocasio-Cortez is campaigning with Bernie Sanders in Iowa, generally considered a conservative, red-state kind of place — so much so that Iowa GOP operators made a series of public predictions that she would be laughed out of the state. The state party chairman Jeff Kaufmann called her "Doctor Ocasio-Cortez" and Sanders "Crazy Bernie": "She's got a problem with our cows here!" — Read the rest
The announcement of a UK General Election on Dec 12 — the third in less than five years! — was attended by predictable rises in the numbers of people registering to vote, but as official statistics show, the end of October saw a massive spike in voter registration among under 45s, led by under-25s and 25-34 year olds.
In my latest podcast (MP3), I read my short story "Materiality," which was commissioned for Gross Ideas: Tales of Tomorrow's Architecture, a book edited by Edwina Attlee, Phineas Harper and Maria Smith that is part of the Oslo Architecture Triennale.
Modern Monetary Theory is an economic paradigm that treats money as a utility that governments issue and tax in order to mobilize resources needed to provide the services that the public wants; it explains why some kinds of government spending leads to inflation while other kinds do not, and how sovereign states use different levers to control inflation, even when they're spending extraordinary sums, as in WWII.
Modern Monetary Theory (previously) is an economic philosophy based on the idea that all state spending is "deficit" spending, since money comes into existence when the government spends it, and when the government raises taxes, it does so in order to take that money out of existence, both in order to control inflation and to limit the concentration of power in the hands of the wealthy.
LA's next source of energy: a massive solar panel and lithium battery array in the Mojave, operated by 8minute Solar Energy, and capable of supplying 6-7% of the city's energy budget, with four hours of nighttime use. It will cost an eye-poppingly low $0.03.3/kWh, cheaper than natural gas.
Last week, the Modern Monetary Theory Podcast ran part 1 of my interview with co-host Christian Reilly; they've just published the second and final half of our chat (MP3), where we talk about the link between corruption and monopoly, how to pitch monetary theory to people who want to abolish money altogether, and how stories shape the future.
I've been following the Modern Monetary Theory debate for about 18 months, and I'm largely a convert: governments spend money into existence and tax it out of existence, and government deficit spending is only inflationary if it's bidding against the private sector for goods or services, which means that the government could guarantee every unemployed person a job (say, working on the Green New Deal), and which also means that every unemployed person and every unfilled social services role is a political choice, not an economic necessity.
Rolling Stone's Matt Taibbi (previously) is one of my favorite political writers, with the style chops of Hunter S Thompson, but without Thompson's often juvenile politics (Taibbi having outgrown that phase, something Thompson never managed to do).
I endorsed Shahid Buttar's primary challenge to Nancy Pelosi in 2018, and I'm proud to do so again for the 2020 primary, especially as Pelosi has allowed herself to be played by Trump on American concentration camps and mass ethnic-cleansing raids.
Mary Annaise Heglar of the Natural Resources Defense Council is tired of her friends confessing their environmental sins to her, like using disposable containers; as she points out, climate change is a systemic problem, not an individual one, and the Ayn-Rand-ish framing of all problems as having individual causes with individual solutions is sheer victim blaming.
In her latest detailed policy proposal, would-be 2020 Democratic presidential nominee Elizabeth Warren sets out a Green New Deal for the US military, whose own policy analysts have identified climate change and energy independence as serious risks to US security.
In 2011, activists began an occupation of Zucotti Park near Wall Street, starting a movement that spread around the world and changed the discourse around wealth, inequality, corruption and justice.
Late last month, Rep. Andy Barr [R-KY] "invited" Congresswoman Alexandria Ocasio-Cortez to visit the coal miners in his Appalachian district, by way of rebuttal to her brilliant response to the charge that the Green New Deal was a rich, city-person's luxury, taking no account of working, poor and rural people.
After Congresswoman Alexandria Ocasio-Cortez delivered a blistering rebuttal to Rep Sean Duffy's [R-WI] charge that the Green New Deal and environmentalism were "elitist" concerns that ignored the needs of rural people, Congressional Coal Caucus member Rep. Andy Barr [R-KY] invited her to visit Appalachian coal-towns and "go underground" to talk to people in the mining industry.
