In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
In colonial Virginia, the law required the burgesses to set the incoming tax receipts on fire. That taught me a key lesson about how our money works today.
The annual cost of the income option is 0.9% of the 'income base.' At age 65, the payout rate for a married couple would be 4.5% of the income base per year, according to a PathBuilder brochure.
'The next round of shutdowns will be limited to a small part of the economy, so we won't see the collapse in spending that we saw earlier in the crisis,' predicts our guest columnist, an economist at the University of Oregon.
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