[Israeli psychologist Amos Tversky] had listened to an American economist talk about how so-and-so was stupid and so-and-so was a fool, then said, “All your economic models are premised on people being smart and rational, and yet all the people you know are idiots.”
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© by Mark Dempsey In the year 2000 the World Health Organization (WHO) ranked countries’ health care system outcomes according to thin...
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Posted on March 26, 2019 by L. Randall Wray The attacks on MMT continue full steam ahead. Janet Yellen (former Fed chair, but clueless on...
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Here's a detailed explanation by a Modern Monetary Theory founder, Stephanie Kelton. The bottom line: Social Security's enabling l...
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