this post was submitted on 11 May 2024
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I keep being told it's because of the Republicans that we can't have nice things. So what gives in California? We should be overflowing with progressive policies.

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[โ€“] [email protected] 2 points 4 months ago* (last edited 4 months ago)

I think @[email protected] is oversimplifying by quite a lot, but not completely off base.

The most condensed explanation Iโ€™ve found is by Second Thought: Why The Government Has Infinite Money.
The links in the description are great as well, addressing some common questions and counter-arguments.

New documentary film: Finding the Money (BitTorrent magnet link)
The film barely makes any class analysis, but is otherwise good.

If you want a Marxian economic perspective, I highly recommend Michael Hudson. He dispels a few misconceptions here: The Use and Abuse of MMT