Squeezing us c urrency-users"works" because we supposedly spend more of the imaginary income we don't get, since the currency-issuer is not spending currency into existence, since it hasn't yet taxed us to get back the currency it hasn't issued to us.
Capiche?
Call it Farcecardian Equivalence.
Ricardian agents (if there are any) steer clear of Australia
Once you read this essay by Bill Mitchell, you'll never again be able to keep a straight face while listening to an economist, nor take their orthodoxy seriously. Bill skewers them all, and his expose just keeps getting better throughout.
The game's up. The Dismal Nobel Farce winners have no equivalence.
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