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Rodney Maddock explains public debt

ESSA Writers

Sep 24, 2013

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PART ONE. Modern Monetary Theory

Your Tax Dollars Never Get Spent and Government Budgets Shouldn’t Balance Modern Monetary Theory (MMT) is based on what will be described as the Two Fundamental Truths of fiat currencies. Note that fiat currencies are openly floated means of exchange issued by governments [31]. These fundamentals are: 1. Federal

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The Good, The Bad, and the Weird: Tax Edition

There is a saying about the ubiquity of taxes which is itself so ubiquitous it isn’t even worth wasting my word count on. Instead, I’ll pose this question to you all: do you like tax? If your answer is yes, then you are either: a) my mother or

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Germany on the Brink of Recession

In 2021 Germany imported 102 billion cubic meters of natural gas, the largest volume in all of Europe, followed by Italy, which imported 62.9 billion cubic meters (Natural Gas Imports in European Countries 2020 | Statista, 2020). The leading gas exporters are Norway and Russia. One of the main gas

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