March 26, 2018

Note on “Era of Austerity coming to an end...”

Blog-Reference

Because Public Deficit = Private Profit the one-percenters and their useful academic/ journalistic spokespersons should consistently argue FOR deficit spending and the ninety-nine-percenters and their academic/journalistic spokespersons should consistently argue AGAINST it.

Therefore, a self-styled progressive MMT spokesperson who claims that deficit spending benefits the ninety-nine-percenters is either an idiot or a fraudster.

The headline “Schumer Celebrates Omnibus Bill: ‘Era Of Austerity’ Coming ‘To An End’” is true as far as macroeconomic profit and Schumer as a spokesperson for the one-percenters is concerned. There is nothing to celebrate for the ninety-nine-percenters. For details see:

Egmont Kakarot-Handtke


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