The New York Times — Opinion
Learn To Love Trillion-Dollar Deficits
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly chief economist on the staff of the U.S. Senate Budget Committee for the Democrat minority, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
4 comments:
Federal deficits (fiat creation) are fine BUT:
1) All fiat creation, including via deficit spending, should be for the general welfare ONLY.
2) The inherently risk-free debt of a monetary sovereign (including account balances at the Central Bank, so-called "bank reserves" in the case of private depository institutions) like the US should return AT MOST zero percent MINUS overhead costs = NEGATIVE to avoid welfare proportional to account balance.
You can’t correct a student making a reification error by employing even more figurative language....
You can’t correct Matt no matter how wrong he is still thinks he’s right due to “science degree”.
学会爱万亿美元的赤字—斯蒂芬妮·凯尔顿
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