On Tuesday, July 26th, a day Washington DC was consumed by turmoil and posturing over "solving" a phony budget and debt crisis; in one place in the Capitol there was common sense -- the best America can offer.
Economists' most glaring error is not understanding or appreciating the difference between money and credit. Most can't conceive of practical ways we can use real government-issued money instead of private debt.
With rare exceptions, those in control of the world's monetary/economic agenda and the theories supporting it have helped bring the world to its knees. Shouldn't they and their theories be held accountable?
Be it for ignorance or by intention, few federal officials have examined how a change in the way money in our nation is created and issued could reduce our nation's deficit and, in doing so, increase millions of jobs.