S&P's rating goes up there with Quixote's rating of windmills?
A year later, S&P downgrade of US looks like a dud
Prof. Brad Lewis, Union College, responds privately: "Parts of this should be considered comedy--like the commentary by Philip Swagel, the U. of Maryland economics prof quoted in the story who served in George W. Bush's Treasury Department. He cites a 'massive fiscal challenge.' It would be best if he understood MMT. But somehow I also can't help asking, 'And if you really think that, what exactly did the administration you served in do about it?' We might make big progress on that if we just got the [terms] currency issuers and currency users into consistent usage."
Black Comedy, perhaps? Or rather tragecomedy?
