New Economic Perspectives
Slapping Trillions of Obligations Into the Diapers of the Next Generation
Stephanie Kelton | Associate Professor and Chair of the Economics Department, UMKC
See also Frederick C. Thayer, Think big deficits cause recessions? Think again! for a brief summary of the article to which Stephanie links.
See also Steve Roth, Does Reducing the Federal Debt Cause Financial Collapse? at Asymptosis
Can Mike or Warren make a chart for 200 years of showing fed level and private sector? Should we see a pattern with consistent fed-deficit with private surplus ... and the inverse ....repeated over and over
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