Izabella Kiminska has a great post up about automating fiscal policy: “Compensate the unemployed with credit/debt/government spending and use automated fiscal stabilisers to tweak inflationary and deflationary side-effects. Or, alternatively, employ them — for the sake of humanity — in big mega projects that stimulate our creativity, scientific and academic knowledge, and culture. Fiscal policyRead More
That last thread was getting too confusing (January 23 comments were appearing both above and below January 16 comments), so I closed that comments page and opened this one.
I’ve been thinking a lot about this over last few weeks when I have the chance to think. It seems like we are on a real estate monetary standard. Much like how we can use assets like gold to create a commodity money system, it seems like we operate our current monetary system as aRead More
Noah Smith asks a funny question on Twitter: “Hey, anyone remember the trillion dollar coin? ^_^ “ I’d say Paul Krugman and Steve Waldman remember the trillion dollar coin quite well. So do all of the people listed by Steve Waldman in the beginning (and the end, Frances and Ashwin!) of his post. The coin wasRead More
12 USC § 246 – Powers of Secretary of the Treasury as affected by chapter Nothing in this chapter contained shall be construed as taking away any powers heretofore vested by law in the Secretary of the Treasury which relate to the supervision, management, and control of the Treasury Department and bureaus under such department,Read More