MMT-based.
Warwick Powell's Substack
Beyond Solvency
Warwick Powell | Adjunct Professor at Queensland University of Technology and a Senior Fellow at Taihe Institute, Beijing. He is the author of "China, Trust and Digital Supply Chains". "Dynamics of a Zero Trust World".
So logical that it magnifies the idiocy of what we hear about debt and deficits from the mainstream. They just don't (won't) get it.
ReplyDelete“ these traditions dismantle the illusion that money is a scarce and finite commodity to be saved, hoarded, or run out of. Rather, money is a political institution,”
ReplyDeleteThis is just another dumb Art degree argument…
This is basically what these Art degree morons do:
The one says “we’re out of money!” … then the other one says “no we’re not!” .. then the other one says “yes we are!” … then the other one says “no we’re not!”… then this just goes on forever..,,
Solution: euthanize the Art degree people…