Tag: Monetary

Stacey Abrams’ PAC Pulls in $104 Million in First Two Years, among Top Political Fundraising Groups

Michigan Star Staff
Stacey Abrams

The political action committee for former Georgia state lawmaker and gubernatorial candidate Stacey Abrams has raised over $100 million in the first two years of its existence, making it one of the top fundraising PACs in the country.

The Fair Fight PAC was created by Abrams after she failed to win the 2018 Georgia governor’s race. She has since devoted much of her efforts toward fundraising and get-out-the voter efforts for fellow Democrats running for office.

Of the $104 million so far raised, $90 million was part of the 2020 election cycle, $8 million was for this year’s special Senate elections in Georgia, in which Democrats took both GOP-held seats, and the other $6 million has been raised since February, according to The Hill newspaper.

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REVIEW: Brian Domitrovic Reveals the Monetary Genius of Arthur Laffer

RealClearWire

In his classic 1992 book about the Ronald Reagan 1980s (and so much more), The Seven Fat Years, Robert Bartley described the great Arthur Laffer describing the universality of credit. It goes like this:

“Laffer would draw a tiny black box in the corner of a sheet of paper. ‘This is M-1,’ currency and checking deposits. A bigger box was M-2, including savings deposits. Still bigger ones included money-market funds, then various credit lines. Finally, the whole page was filled with a box called ‘unutilized trade credit’ – that is, whatever you can charge on the credit cards in your pocket. Do you really think, he asked, this little box controls all of the others? The money supply, he insisted, was ‘demand determined.’”

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