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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Tuesday, May 3, 2016
Balanced Budget Amendment: Worst idea of all time!
Worst idea of all time being pushed by fucking clueless morons and it's going to happen!
Mike,
ReplyDeleteTed Cruz is stalking you in the background.
It's easier to think of democracy as a soap written by morons for morons. Nothing much's changed since Roman Bread and Circuses!
ReplyDeleteThe amendment will create persitent deficits by default.
ReplyDeleteAs Bill might say, the automatic stabilizers will kick in and force the government into a deficit.
ReplyDelete