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.
Pages
▼
Pages
▼
Saturday, February 17, 2018
Ramanan — Paul Krugman, Twin Deficits And Centrism
This comment has been removed by the author.
ReplyDelete"Even the economic and financial crisis hit, some ten years ago, US output fell and this raised the budget deficit because of a fall in income"
ReplyDeleteNo that's not accurate, net TGA withdrawals in 2009 vs. 2008 were $1.1T higher...
"govt spends FIRST..." ie you have to look at the components...
Ramanan is falling for the MMT "deficit too small!" BS here....