We are currently in an environment where people are going around repeating the mantra “more government spending means taxes must go up”.New Wayland
But only, of course, by people who are hard of both accounting and mathematics. It’s like the household analogy - a common fallacy.
Let’s see why.…
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.
Sunday, July 4, 2021
Why Tax Matches Spending — NeilW
Subscribe to:
Post Comments (Atom)
1 comment:
I just would like to add that the foundations of calculus are built on the concepts of sequences and series — you know, how fast the damn curve is changing.
Carry on… :)
Post a Comment