Standard & Poor’s Tugs on Superman’s Cape
Last December, my friend, beowulf, had this to say at the time Moody’s began to make noises about downgrading US debt. He said: ”I don’t think we’ll see Moody’s or any other rating service based in the...
View ArticleStill Superman?
There have been many reactions to S & Ps action in downgrading the credit rating of the US, Apart from the widespread annoyance and repudiation of S & P and its procedures, there are some who...
View ArticleIt’s Changing the Reality That Counts, Not the Words In His Job Proposals
My friend and MMT mentor, Warren Mosler offered this fine, simply stated speech to President Obama for September 8th. My fellow Americans, let me get right to the point. I have three bold new proposals...
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Alan Grayson’s Right; But He Misses the Larger Point
The Cliffs of Sanity (Photo: aeu04117/flickr) Alan Grayson’s e-mail on Moody’s warning that it might reduce the US’s AAA rating, suggested that Moody’s was either threatening a downgrade because it...
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