Double Trouble: Hike the Deficit or Hit Another Recession Says Wiedemer

Out of paradigm video at Yahoo that almost gets it. (Mike's input could help them here.)

This fellow that they have on, Wiedemer, has the correlation, but not the causation.  He can see that the deficit is not at a high enough level to sustain output and employment, but apparently has no idea WHY this is.

This is where MMT should come in for him.  Inquiring minds should want to know.  Both the guest here and the moderator though seem content to in effect shrug their shoulders and cross their fingers like non-intellectual people content to keep living in ignorance.

This is weak.  Weak sauce from both of them.

Like most people though, they both seem trapped in the dogma that somehow the deficit "is a bad thing", and they believe the mathematically impossible scenario that the government currency issuer has to "borrow" from the non-government and take on an "inter-generational debt" I suppose they assume that has to be "paid back" by our next generation.

I wish they could see in their under exercised brains that to do this in real terms would literally require a Time Machine.

TIP for Yahoo:  Give Mike a call, he's right there in NYC, and see if he can come in and get you guys started on explaining to your viewers the WHY about the ex-post fiscal deficit result and what it signifies.  You are not doing your own reputations or your viewers any favor by continuing to broadcast these sophomoric and mentally vacuous video vignettes.