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Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
Let’s start telling the truth about Social Security. We are educators. So let’s educate people on the basic facts.
Admit that taxes don’t “pay for” anything and that all government spending is paid for in one way and one way only—the Federal Reserve credits the appropriate bank accounts.
I promise to stop when the battle is won. Until then, here’s another attempt to improve understanding and shift our broken thinking about government “deficits.”