MMP Blog #25 Responses
Comments and responses on the Modern Money Primer Part 25.
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
“As far as what specifically would happen if the world stopped using the United States dollar for oil? The answer is, Very little.
If government spending is just “printing money” then taxing is simply “unprinting money”. It’s a circuit.
Your kids are not strapped with debt. Just the debt of ignorance we place on them by repeating debt and deficit myths.