Creigh GordonUnderstanding the Banking SystemThe commercial banking system is a public-private partnership whose public purpose is providing firms and households with credit based on…12h ago12h ago
Creigh GordonAll Money is DebtMoney is debt. If you don’t understand that you don’t understand money.Sep 41Sep 41
Creigh GordonSome Disjointed Thoughts on Today’s ConservatismI’d like to think of conservatism as preserving and maintaining the institutions and traditions that have served humanity well over time…Mar 211Mar 211
Creigh GordonHow the US Government Pays Its Bills And Why It Can Never Go BankruptThe US Government makes payments simply by marking up ledger entries at the Federal Reserve Bank. It can do this at any time that it…Mar 91Mar 91
Creigh GordonModern Money and Its ConsequencesMoney in modern economies is conjured into existence by governments and banks. Government money and bank money are created for different…Feb 2Feb 2
Creigh GordonThe Deficit Is Not A Problem, It’s A SolutionSpecifically, it’s a solution to the problem of matching aggregate demand with supply capacity, which only a monetarily sovereign…Jan 25Jan 25
Creigh GordonI call BS on national debt hysteriaThe National Debt has never burdened anyone and it never will.Dec 20, 2023Dec 20, 2023
Creigh GordonOn Inflation and the Job GuaranteeIt’s not easy to pin down exactly what inflation is, but an adequate definition is too much money chasing too few goods and services.Nov 4, 2023Nov 4, 2023
Creigh GordonBitcoin Is Doomed to Fail Long-Term (and probably mid-term)Bitcoin is not money, it’s a commodity: a virtual commodity but a commodity nonetheless. It has some properties that make it very…Aug 2, 20231Aug 2, 20231
Creigh GordonThe NYT Calls for Cutting Social Security and MedicareThe New York Times editorial board says that Social Security and Medicare would need to be cut because of the National Debt and “out of…Jul 8, 2023Jul 8, 2023