Issues
A friend, Julia Williams, writes and asks:
Isn't it true that in actuality, the US doesn't, in fact "borrow'? It spends or trades? And if that is the case, doesn't that just blow the deficit hawks out of the water?
Here's my answer to her. more »
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After the scorching he received in many of the comments on his printing press post Paul Krugman decided to dig his MMT blogging hole even deeper.
He says:
“. . . more »
(Author's note: I've offered this idea a couple of times over the past few months here, with surprisingly little reaction. more »
In "All Together Now: There Is No Deficit/Debt Problem,” I warned against the message calling for deficit reduction that the President will probably deliver in his State of the Union Address next month. more »
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