From: John Hemington <jehemington@verizon.net>
Date: Fri, Feb 16, 2018 at 8:29 PM
Subject: Finally someone gets it . . .
To: John Hemington <jehemington@verizon.net>
Halleluiah, halleluiah someone in the greater commentariat gets how sovereign money should work in a rational system (unlike, of course, the one we really have) and actually writes about it. Thank you Kate Aronoff! Unfortunately, Kate is writing for In These Times and not one of the major sources of neoliberal propaganda such as The Washington Post or The New York Times. I guess we'll have to be satisfied with what little truth we can get until more people wake up to the fact that government spending into the economy actually benefits the economy and balanced budgets work to crash the economy. But this is difficult for people who have been fed the devious myth that the federal government's budget is just like the one each of us has to live with in our daily life.
This fact may be the single most important idea to be communicated to the citizenry in this country in order to break through the neoliberal lies that claim that austerity is the only way to save the nation. Somehow most folks don't seem to catch on to the neoliberal scam that austerity needs only be applied to those not lounging in the privileged 1%. I don't recall that austerity was applied to the bankers in the 2008 great financial crash, or to the military/industrial/security complex and their myriad of private contractors to sustain endless wars all around the world, or to the corporate and financial titans who can't survive without enormous tax concessions. It just applies to the rest of us because, you see, in a neoliberal world we are all undeserving.
I have included this video before; but, if for some reason you have decided not to watch Dr. Stephanie Kelton's talk about sovereign money systems, do yourself a favor and give a listen, it's really quite good, and also listen to the Q&A at the end for her answer about explaining this reality to politicians – it is quite enlightening.
Stephanie Kelton on Money and the Economy, 2014
https://www.youtube.com/watch?v=Q1SMjeuyF-Y
John
Why is it easier to imagine the total destruction of mankind, from nuclear war to a climate catastrophe,
than to work on changing the system of relations spawned by neoliberal capitalism?
Pepe Escobar
Pittsburgh Combined Water Polo Team
http://CLOH.org
412 298 3432 = cell
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