Day: July 20, 2020

The Power of the Purse belongs to all

For years now, I have been a zealous shouter about the MMT insights Stephanie Kelton describes with such clarity, wit, and authority. Just about through my first pass through her amazing book, The Deficit Myth, and will no doubt be sharing more thoughts in coming days.

This is imo the most important book to be published in recent years. Its insights have been called Copernican (by Kelton herself–and she’s right).

This passage right here is about as important a paragraph as any of us are likely to come across. Read, re-read, mull it over. Tell your friends. Order Kelton’s book.

It’s OUR FUCKING MONEY.

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Nostalgia nugget

These guys have been grinding away, playing what Pitchfork dubbed their “Poco meets the Faces sound” (a heady brew for sure) since, well, since my Minneapolis residency, post-college, in the early-to-mid 80s.By a striking coincidence this video time warps to that very era, in a rusted vintage Gremlin with mag wheels and a Mondale/Ferraro sticker. Pull up to the 7th Street Entry festooned with Black Flag posters, cutting footage of the band back in the day with their current bad selves.To adore this video as much as I do … Maybe you need to have aching nostalgia for the time, the place, and maybe you don’t. But the song is cool as hell imo.As a more general concept, nostalgia during a quarantine year (years?!) becomes almost unbearably powerful, I find.

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