'Every deficit is good for someone' — Stephanie Kelton interviewed

The question is, cui bono? Under the present system, the financial benefit flows to the top, although other derive some economic benefit as a result of the flow. Fiscal injection (government spending) eventually flows either to saving or taxation. When tax policy is progressive, the flow is largely to taxation. Otherwise, the stock of savings increases. This increase in the stock of savings increases distributional asymmetry aka "inequality." That is to say, in the later case there is a systemic bias owing to institutionalized asymmetry.

IPS

'Every deficit is good for someone'

Stephanie Kelton interviewed