Deficit is $930 bln. Why are all the prominent MMTers silent on this? They should be cheering, no?

The deficit as of August 15, was $931 bln. That's the highest in 7 years. And as a percentage of GDP it's now at 4.4%, the highest in 6 years.

So why are all the prominent MMTers silent about this?

Nothing from Kelton. Mosler continues to put out bearish forecasts. (Going on 5 years now!)

They only talk about deficits when it's convenient for them?

They say they're not political, but it seems to me that not mentioning the deficit is a way of not giving credit to Trump, even obliquely.

Their information and analysis is discredited in my opinion. If you want to play objective you have to be objective.

Deficit balloons to $980 bln. Where are all the MMT gods cheering this??

A giant end-of-month spending spree in August has ballooned the Federal defiicit to $980 bln and 4.8% of GDP.

This is the largest nominal deficit since 2009 and the largest as a percentage of GDP since 2012.

The MMT gods should be cheering this. They're not. Weird.

Bloomberg gives props to 9 people who saw the euro crisis way before it happened and 5 of them are MMT people!

Bloomberg calls out 9 people who predicted the euro crisis before it happened and 5 of them that they mention are MMT people.

They are, Wynne Godley, Matt Forstater, Stephanie Kelton, Warren Mosler and Randy Wray. Kudos!

Unfortunate to see Bernie Sanders get off track like this. Kelton needs to keep him on message.

Bernie Sanders (I-VT) is a great voice for progressive causes and he's definitely got a gift for language and communication. That's why it's unfortunate to see him get off track like this and lecture Janet Yellen and the Fed about reminding the ECB of its responsibility to Greece and its economy.

Americans don't care. And it can be wrongly construed that he is advocating another American taxpayer bailout of some two-bit country or foreign institution. (As it has been by Zerohedge and other blogs.)

Here's some of what Sanders said:

"In 2008, during the world financial crisis, did you know the Fed, in short term loans, made trillions of dollars available to the ECB -- the European Central Bank. The Fed could have said hey guys you're on your own, but the Fed correctly did not. It understood the significance of what a worldwide financial collapse would be about." Read more.

He may have been referring to the Fed's swap lines and if so, those "loans" did not preclude a financial collapse. Rather, all it did was keep the foreign exchange value of the dollar below where it would have been if the ECB sold euros for dollars to meet the dollar needs of its banking system. At the time I spoke out about that loudly here, here, here, here and here. (And more!)

Bernie, stick to America and our own needs and problems. Kelton should be keeping him on track and not letting him make these types of comments.