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Michael's avatar

Loved your book (it was my first foray into economics and you were super helpful in that regard), and I'm thrilled you've started this newsletter and seem to be workings towards addressing the everyday relevance of MMT (and calling BS to the deficit myth, as usual). It's greatly appreciated, and an idea that I can't wait to bring up this Thanksgiving, watching eyes go wide when I mention the power of the purse and the deficits that matter :)

Question: Is it just the default, gold-standard-era knee-jerk reaction that defines these head-in-the-sand responses to spending, or do you think people like Manchin know better, but they believe it's more politically popular to be "fiscally responsible" than to actually do big things?

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drakekoefoed's avatar

the deficit bs has worked so they keep using it. Stephanie blew it out of the water but they just keep lying.

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