{"id":22360,"date":"2016-01-19T11:14:55","date_gmt":"2016-01-19T16:14:55","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22360"},"modified":"2016-01-19T11:14:55","modified_gmt":"2016-01-19T16:14:55","slug":"sovereign-spending-in-a-market-economy","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/01\/19\/sovereign-spending-in-a-market-economy\/","title":{"rendered":"Sovereign Spending in a Market Economy"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the post <a href=\"http:\/\/neweconomicperspectives.org\/2016\/01\/sovereign-spending-market-economy.html\" target=\"_blank\" title=\"Naked Capitalism article\">Sovereign Spending in a Market Economy<\/a>.<\/p>\n<blockquote><p>\nMy idea is this: if we did what I just suggested, then, when the next recession hits\u2014and the central bank finds that its traditional strategy of lowering interest rates is still not available (which is likely to be the case) and Congress is thus forced\u2014against all its entrenched phobias and market ideologies\u2014to appropriate another huge chunk of emergency sovereign spending, we\u2019ll have a long list of ideas about how those new dollars can be spent to rapidly put them exactly where they most need to go. And once we\u2019ve experienced how well that works, once we see that sovereign spending can expand the market economy rather than destroy it, we\u2019ll have made a big step toward a general acceptance of, and appreciation for, the realities of modern fiat money.\n<\/p><\/blockquote>\n<p>Sorry, you&#8217;ll have to read the post to find out what he suggested.  The article is a bit like a shaggy dog story.  It takes a while to get to the point, but there is one, and it is worthwhile to contemplate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the post Sovereign Spending in a Market Economy. My idea is this: if we did what I just suggested, then, when the next recession hits\u2014and the central bank finds that its traditional strategy of lowering interest rates is still not available (which is likely to be the case) and Congress is thus [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22360"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22360\/revisions"}],"predecessor-version":[{"id":22361,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22360\/revisions\/22361"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}