San Diego Media Justice: April 2024

Wednesday, April 24, 2024

Stephanie Kelton - “Finding the Money” & “The Deficit Myth” | The Daily Show

This is the first attempt I've seen to explain Modern Monetary Theory to the general public since the 2008 Bush Bank Bailout. It arises now because of the increased Federal deficit spending and subsequent inflation due to the COVID-19 pandemic.

I think it is a mistake to dumb down the Economic explanation, and it's a shame this job was left to Comedy Central and the Daily Show to educate people. If they had started by explaining that the Government creates money by buying goods and services, and that money enters the economy and is multiplied by FRACTIONAL RESERVE BANKING to increase the money supply. Then they could have gone on to explain that the new $$$$$ created do not inflate prices, or deflate the value of the dollar, as long as the work created by spending the new $$$$$ into the economy is of value equal to the spending. So, as long as government investments are good and valuable, there is no risk of inflation, as the return on investments expands the total value of the economy to reflect government spending.

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Sunday, April 21, 2024

'100% targeted': Rep. Ilhan Omar's daughter speaks out after arrest and ...

A conversation with former Wikimedia CEO, Katherine Maher

This interview by 'The Atlantic Council" of Katherine Maher, who was at the time CEO of the Wikimedia Foundation, is notorious for quoting her on how the goal of "equal access to knowledge" should be implemented. As Katherine became the CEO at National Public Radio in the USA, we have discovered interesting tendencies about her leadership and how she shapes such organizations to censor knowledge and information. Thanks to Racket News for the report on her 'truthyness'.

This is a tricky subject in the age after COVID-19 where governments and big media corporations (NPR) are trying to figure out how to be 'TRUSTED' to disseminate 'true' information, such as about vaccines, and finding that the forces undermining trust in societies authorities are winning.

Trust is earned, it's always being earned, and even one misstep can cause people to mistrust you.
But if you are honest with yourself and your audience, you learn from mistakes, admit them, and tell everyone how you figured out you were wrong so that you and they can avoid mistakes like that in the future.

Authoritarian Journalism is not enough for democracy, it's a kind of dictatorship.
Framing this new authoritarian truthiness as a 'right' is a form of verbal jujitsu.

It is intended to confuse you so they can be the arbiters of truth, and reject the whistleblowers, crackpots, and anyone else who threatens the systemic order.