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Public Purpose

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Mercy! Can't They Get Anything Right?

Warren Mosler | Posted 09.18.2011 | Business
Warren Mosler

Even with sky-high unemployment, we can easily afford to both suspend FICA and truly strengthen Social Security and Medicare by increasing the minimum benefits and closing the donut holes.

How to Fight Back Against Wall Street -- Starve the Beast

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

A large part of the Wall Street food supply is the U.S. pension system. Right now these are bloated whales being eaten alive by the sharks. But that can change.

Taxes For Revenue Are Obsolete

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

While Social Security and Medicare may turn out to be inflationary, they are not 'bankrupting the nation' as most believe, including a Democratic Congress that cut Medicare spending with the recent health care bill.