Wednesday, June 15, 2011
How to counter the, "printing money" line when explaining MMT
I was talking to Warren Mosler yesterday and he came up with a good way (I thought) of countering the "printing money" line that we often hear.
"All government spending is printing money. And all taxation and spending reductions are 'un-printing' money."
Quick, concise, clever.
Feel free to use it.