Richard D. Wolff

Economic and social dysfunction in the U.S. can be directly attributed to the Federal government's reluctance to repeal gold standard rubrics like "the debt ceiling" and the prohibition on Treasury having the flexibility to use overdraft authority. Fear of deficits and debt are part of the problem but easily overcome if Congress understands that it ought to spend to achieve full employment. The fact that Mainstream economists are mired in fixed exchange rate policies has destroyed much of the middle class and exacerbated burdens for working-class Americans. When will the facts about fiat currency management be revealed by economists like yourself?