Occasional X: The foul spirit of political economics (CLXXXVIII)

#Economics#AllYouNeedToKnow

“That's right, isn't it? The deficit can be any size, the debt can be any size, provided they don't cause inflation. Everything else is just talk.” (J. F. Kennedy, according to James Tobin)

Like Tobin, JFK had no idea how the economy works.

There…

— AXEC (@EgmontHandtke) January 14, 2026

Related 'From the debt economy to the gift economy: how America is brainwashed to love budget deficits'

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Twitter/X Jan, 16, 2016