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.
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Wednesday, November 27, 2013
Stephanie Kelton — MMT Coloring Book! What Does the Owl Say?
Also, it should be pointed out that Government Debt is money that has already been created. It is money that is sitting around masquerading as the savings of the people. The government debt is paid not through taxation, but by people running low on their life savings!
She should also add that Government debt is the people's savings
ReplyDeleteAlso, it should be pointed out that Government Debt is money that has already been created. It is money that is sitting around masquerading as the savings of the people. The government debt is paid not through taxation, but by people running low on their life savings!
ReplyDeleteClonal, that is not coloring book any more. This book is for gold bugs and for children, you should not overcomplicate things for Peter Schiff cult.
ReplyDeleteKristjan - this is a great video - New Economic Perspectives on the Government Budget, Deficits, and...
ReplyDeleteThe coloring book is cool but a person out of paradigm would say: that's just a bunch of fallacious statements.
ReplyDelete