It's "foolish to believe" anyone ever said that we can just "print and spend endlessly without consequence!" You're just parroting bs orthodoxy "propaganda, which demonstrates your lack of knowledge on the subject. The very purpose of a currency is to mobilize resources. As the real economist, John Maynard Keynes put it, "anything we can…
It's "foolish to believe" anyone ever said that we can just "print and spend endlessly without consequence!" You're just parroting bs orthodoxy "propaganda, which demonstrates your lack of knowledge on the subject. The very purpose of a currency is to mobilize resources. As the real economist, John Maynard Keynes put it, "anything we can physically do, we can financially do!" Maybe that's too much for you to comprehend? Those paid liars your referencing, are just repackaging classical economics that Keynes shredded in his 1936 book "The General Theory of Employment, Interest, and Money" in 19936. After Keynes death in 1946 they were able to crawl out from under their rocks! With massive financial wealth backing they were able to purge real economics from university teaching.
Name the time that the "money supply was the cause of inflation!"
US is unique from other countries that borrow in foreign currencies, fix their currency or are currency users'. Maybe you should try educating yourself on the meaning of countries that have "monetary sovereignty. When the US Federal Reserve increases interest rates, countries who borrow in US dollars see their domestic currency go "down" and the cost of borrowing US dollars go "up," crippling their economy. They don't "issue US dollars," "the US does!" The US does not "borrow" in foreign currencies or "fix it's exchange rate." Big difference.
Neither are we, but we're also not advocates for creating debt unnecessarily like the "national debt".
And besides, the REAL problem as Steve Keen has shown is ever rising PRIVATE and corporate debt NOT government "debt". The latter is just a side show. Please get with the real program for the real resolution of the real problem.
It's "foolish to believe" anyone ever said that we can just "print and spend endlessly without consequence!" You're just parroting bs orthodoxy "propaganda, which demonstrates your lack of knowledge on the subject. The very purpose of a currency is to mobilize resources. As the real economist, John Maynard Keynes put it, "anything we can physically do, we can financially do!" Maybe that's too much for you to comprehend? Those paid liars your referencing, are just repackaging classical economics that Keynes shredded in his 1936 book "The General Theory of Employment, Interest, and Money" in 19936. After Keynes death in 1946 they were able to crawl out from under their rocks! With massive financial wealth backing they were able to purge real economics from university teaching.
Name the time that the "money supply was the cause of inflation!"
US is unique from other countries that borrow in foreign currencies, fix their currency or are currency users'. Maybe you should try educating yourself on the meaning of countries that have "monetary sovereignty. When the US Federal Reserve increases interest rates, countries who borrow in US dollars see their domestic currency go "down" and the cost of borrowing US dollars go "up," crippling their economy. They don't "issue US dollars," "the US does!" The US does not "borrow" in foreign currencies or "fix it's exchange rate." Big difference.
Keynes would be aghast at what the US government and the Fed are doing. Keynes was not a proponent of ever-rising debt.
Neither are we, but we're also not advocates for creating debt unnecessarily like the "national debt".
And besides, the REAL problem as Steve Keen has shown is ever rising PRIVATE and corporate debt NOT government "debt". The latter is just a side show. Please get with the real program for the real resolution of the real problem.