As always, much operational blah blah and the complete loss of the big picture. Not one word about distributional effects.
Because PublicDeficitIsPrivateProfit if deficit up ⇒ profit up ⇒ cash up ⇒ business sector’s need for riskless assets up. Solution Gov-Bonds. Extra benefit: interest on Gov-Bonds redistributes income from WeThePeople via taxes to the Oligarchy. Thank you very much.
MMT deficit-spending/money-creation is the double-whammy for WeThePeople and the double-whopper, i.e. profit+interest, for the Oligarchy.
Bravo, Stephanie Kelton, Warren Mosler, Richard Murphy, and the other Wall Street agenda pushers for caring so heartfelt for the needy people when the TV cameras are on.
Bravo, MMT trolls for making the swindle disappear in the econblogosphere behind a smokescreen of senseless blather.
- MMT: The one deadly error/fraud of Warren Mosler
- Richard Murphy: the MMT fraudster dressed up as realist