An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
investment including paying down debt is a function of government spending
where government spending is injection of elastic liquidity into the boundard conditions of the RReal economy where as austerity is a fricative action of draining money out of the RReal economy and back into the Fed/Tsy.
The deficit terrorists will say that the "government does not produce or make anything" but they do not remember that they make the money which is instrument by which all other things are made unless you are on the black market in Italy where companies barter to eacha other to circumvent the government taxation.
1 comment:
what was that equation again ?
i = f ( S )
investment including paying down debt is a function of government spending
where government spending is injection of elastic liquidity into the boundard conditions of the RReal economy where as austerity is a fricative action of draining money out of the RReal economy and back into the Fed/Tsy.
The deficit terrorists will say that the "government does not produce or make anything" but they do not remember that they make the money which is instrument by which all other things are made unless
you are on the black market in Italy where companies barter to eacha other to circumvent the government taxation.
Post a Comment