Political Economy Fake News

Communication from media, economist, politicians
and professionals providing Inadequate, bias information concerned with
personal ideology rather than appropriate information and theories.

Two Kinds of Federal Debt
National Debt is a Catastrophe

Return to Active Fake News Warnings 10/10/19        Please Share!

Two Kinds of Federal Debt

1. Bonds/Notes pay interest to owners.
2. Dollars
pay no interest.

Transactions only occur in dollars
which the FED prints as needed.


You Will Get Your FED Retirement Check.
It's value, by today's rules, will adjust for inflation.
States Can't Print Money, Defaults Happen.
You Might Not Get Your State Retirement Check.

BUT FED Debt Has Risk
Inflation, Exchange Rate, Interest Rate

Printing too many dollars
 has historically caused inflation.

Debt increases demand.
Supply must keep up or inflation results.
Increasing productivity negates inflation.
World Oversupply Keeps Inflation Low.

  A Brief History of Doom: Two Hundred Years of Financial Crises.

"If readers take one lesson from this book, I hope it is this: when it comes to financial crises, we're not in the grip of unseen and hopelessly complex forces. Such crises are neither inevitable nor unpredictable. Runaway private debt and the resulting overcapacity does a better job than any other variable in explaining and predicting financial crises. It is our job to heed those danger signs."
(Vague 2019, p. ix)
 Brief History of Doom (INET) has concise data summary Video 14 min.

Editor's Note: Public Debt Concerns are Not Financial.
Who receives the money and what is bought
are the what concerns the public.
Modern Monetary Policy is the new name for let the printing press pay.

Symposia Historical Evolution  Money and Debt


National Debt a Catastrophe

Preface: Are the Economics and National Media Professions
 Responsible to Educate on Important Economic Questions?


Oligarchs .i.e. Politicians/Media
Use National Debt to Control Constituents
 Learn Why What We Buy,
Not Amount Borrowed,
 Is Important

35 Minute Video Explores 8 Points

1. How Do We Pay for It  located at 319

2. Watch Politicians/Media Control Us located 500

3. "Debt is Not Sustainable" is the Propaganda located 755

4. China's Owning Our Debt is a Negative located 2000

5. Should We Pay It? located 2540

6. Possible Inflation, Not Going Broke is the Problem  located 3500

7. The Bottom Line  located 3808

8. Other Considerations   located 4100

Editor's Note: This Talk Similar to My 1970 Lecture
 taken from My McConnell Economic Textbook.
Then the big worry was Foreign Ownership.
This is still a concern though not true, media, politicians and the economic profession allow this fake news.
This is new debt issued. Current holders would be of interest.



Who We Owe, Why We Borrow

Debunking the Deficit Myth   10 min version

Debunking the Deficit Myth 35 min version

Debunking the Deficit Myth 75 min version

 the For The Economics See

Stephanie Kelton: Modern Monetary Theory - MR Live - 9/26/17