Daily Archives: February 5, 2017


Trump Orders Military To Prepare For War

Counter Currents has the article Trump Orders Military To Prepare For War.

The order further instructs Mattis, in the words of the Washington Post, which obtained a copy of the order prior to its formal release, “to examine how to carry out operations against unnamed ‘near-peer’ competitors, a group which US officials typically identify as China and Russia.” And it commands the Pentagon and the Office of Management and Budget to develop a “military readiness emergency budget amendment” that would increase military spending in the current year and increase the budget for 2018 and thereafter—increases to be offset by cuts to social spending.

if this is accurate (and I have no reason to believe the Washington Post), now might be the time to start worrying. In case you think Hillary (or Bernie or Jill Stein ) would have been better, look into the following book:

The American Deep State: Wall Street, Big Oil, and the Attack on U.S. Democracy (War and Peace Library) by Peter Dale Scott


Explaining MMT and Debunking AMI: Positive Money

New Economic Perspectives has a post MMT and Debunking AMI: Positive Money . (Modern Money Theory, American Monetary Institute)

Steve Grumbine talks with NEP’s L. Randall Wray for Real Progressives LIVE. Topics include MMT and Debunking AMI: Positive Money and other important and relevant economic issues that affect the progressive agenda.

Here is the YouTube video of the conversation.


This is a wonderful interview that will introduce so many people about what Modern Money Theory is all about, and why it is so important for us all to understand it. That being said, let me go on to one suggestion for improvement that I have.

The one thing I think needed to be discussed and analyzed was the inflationary period from the end of LBJ’s term through Nixon, Ford, and Carter, and into the Reagan administration. To state that the last time we faced resource constraints was WW II might turn people off who remember the LBJ to Reagan period. I know MMT and Wray can explain it, so I think that omission needs to be fixed quickly.