A Primer on Government Surpluses
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.
The great power of MMT is its lesson that the federal government can create new dollars by running deficits to do things that should be done.
Understanding how federal finance works makes for better predictions and sensible policy.