MMT-based.
Warwick Powell's Substack
Beyond Solvency
Warwick Powell | Adjunct Professor at Queensland University of Technology and a Senior Fellow at Taihe Institute, Beijing. He is the author of "China, Trust and Digital Supply Chains". "Dynamics of a Zero Trust World".
2 comments:
So logical that it magnifies the idiocy of what we hear about debt and deficits from the mainstream. They just don't (won't) get it.
“ these traditions dismantle the illusion that money is a scarce and finite commodity to be saved, hoarded, or run out of. Rather, money is a political institution,”
This is just another dumb Art degree argument…
This is basically what these Art degree morons do:
The one says “we’re out of money!” … then the other one says “no we’re not!” .. then the other one says “yes we are!” … then the other one says “no we’re not!”… then this just goes on forever..,,
Solution: euthanize the Art degree people…
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