Monday, July 11, 2016

It's not about the forking deficit.


MMT Trader
Case closed.

This is the only place where the right ideas have been coming out.

We called everything to a tee, even when there was near, universal gloom, including among other MMT people.

Talk all day like a pretend academic or make money? Your choice.

It's the flows, stupid.

MMT Trader.

2 comments:

Six said...

I get that it's the "flows", Mike. However, the proposals of the "deficit is too large!" crowd consist of two things:

Higher taxes (larger "flows" to the government or in the case of government workers, smaller "flows" from the government due to higher withholding) or

Less spending (smaller "flows" from the government to the non-government sector).

I'm not sure what your point is.

intajake said...

exactly Six

The Deficit is the flow.

all this flow vs deficit talk is just confusing