Resource Generation: rich kids who are determined to give away their parents' money and make America more fair and equal

Resource Generation is an organization of young people who inherited enough to be in the top decile of America's wealth distribution, who are determined to give away those inheritances in ways that redistribute wealth and make the country more fair and equal. Their mission: "As part of a coordinated strategy to systematically redistribute wealth and repair the harm created by wealth extraction, RG asks our members to take bold action with the resources currently under our and our families’ control, moving toward greater alignment with humanity and the planet.”" Read the rest

In 1943, the chairman of the NY Fed backed Modern Monetary Theory: "Taxes for Revenue Are Obsolete"

Modern Monetary Theory is the latest incarnation of chartalism, the economic theory that holds that government spending -- and a federal jobs guarantee -- doesn't create inflation, so long as the spending is on things that the private sector isn't buying: if a factory can produce ten widgets but is only producing five because that's all the public sector wants to buy, the government can put in an order for five more widgets, putting more workers to work, without driving up the price of widgets. Read the rest