This paper will present the Modern Money Theory approach to government finance. In short, a national government that … budget constraint was applied to government finance. Matters were made worse by the development of "generational accounting …" that calculated hundreds of trillions of dollars of government red ink through eternity due to "entitlements." As austerity …

tension between workers and firms. Politics wedge the operation of the shadow financial system as government policy …

that if we just get the government out of the way, the market will do the dirty work. The heterodox economist? Well, she is … impotent. The visible hand of government can hasten the move toward balance. Orthodox economists as well as most heterodox … much privatization and pursuit of the private purpose, and too little use of government to serve the public interest. In …