The Soap Blog

What Bernie Sanders and Tulsi Gabbard have shown is that we need an independent voter movement to weaken corrupt political parties. T...

In this discussion, “currency” is used in a collective sense, that is, paper money, reserves, electronic credits, etc. MMT, Modern Mon...

Once the constituency supporting war in a democratic country reaches fifty percent of the voting public, it’s almost impossible to stop. Un...

If you want to understand why terrorism is increasing in the United States, you might want to read a book published before it all started: ...

I would invite anyone trying to decide how to vote in the general election to visit the sites of all the candidates to actually see the det...

The whole thing started when Clinton put a monkey wrench in the Bush’s plans for a dynasty in 1992, with a little help from Ross Perot. Once...

Those who spend beyond their income (spenders) owe those whose income exceeds their spending (savers). If net savings is greater than th...

Social networks like Facebook and Google+ are a mixed bag. It’s a way to expose your thoughts to the world or just friends and family. But,...

Suppose there is a world consisting of only two countries, one rich and powerful and the other relatively poor and not very powerful, but w...

When most of the rewards of productivity go to a few people they control the economy for their own benefit. They create a labor surplus to d...

After watching a president I voted for twice, I have to conclude that Obama is the Democrat's version of George W. Bush. Both are weak p...

In some of my posts on Facebook, Progressive Policy Digest, The Soap Blog, or in my emails I have referred to "MMT". I usually get...

Have you noticed that the MMTers (Mosler, Wray, Kelton, etal) are getting more exposure in interviews on the internet and some main stream m...

Modern Money Theory (MMT) explains the way finance works in a country with its own currency, when many self imposed legal constraints are re...

The mindset of the right is wrong. The federal government is not like an individual or a state. It is the issuer of the currency. Individual...

The economy needs demand and investment to produce goods and services. Demand and investment come from the same source, income. If mor...

The following paragraph is an example of how to talk to the average voter about how the economy works, could work, or should work withou...

Trying to work around the two major parties in the US is a fools errand. The grassroots effort of Occupy should be directed at informing...

Consider the case where everyone woke up tomorrow and all money in all forms, coin, currency, bank account balances,  etc had disappeared? N...

Why should the government pay interest on the national debt? People hold it because it's better than holding other assets. China holds i...

As long as half the population sees some gain in wealth, they vote to enable the rich to impoverish the poor. This explains the current poli...

  It's a Right vs. Left divide, not Dems vs. GOP.  Many Democrats represent  conservative, not progressive districts. If 15 Dems in th...

People know the GOP has gone hard right in pursuit of its ideology. The Democrats used to have an ideology, instilled by FDR and the Great D...

This is an excerpt from the book to show why this book is the best explanation of the financial crisis and its causes.  You will be hearing ...

The Republicans have demonstrated over and over again that they want to dismantle the safety net and deregulate the economy so wealth can be...

In the last post we discussed how banks create new money from debt to augment their income. The problem with this is that private entities a...

There is a major problem with our monetary system that few people, even financial experts and economists, either don’t understand or refuse ...

A very simple way to look at government spending is that the government is just another consumer and producer of useful services like the pr...

The title of this post is similar to the title of Warren Mosler’s book. Mosler, Warren (2012-10-25). Soft Currency Economics II (Modern Mo...

When people are using their income to service debt they are not using it to buy the goods and services that sustain demand and grow the econ...

One reason our political economy is so unstable is that there are many economic and political fallacies that are widely accepted in politica...

A prior post explained how financial crises develop and the need for a government bailout of banks to prevent a complete collapse of the eco...

Over the last several decades the private sector has taken on more and more debt, primarily in the real estate sector. Why has this happened...