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Doug's avatar

When I first started to read about MMT through articles then your book, I really wanted to go back to my university and sue for my graduate tuition for my macro courses. Everything I thought I knew (and had been told was gospel) was wrong.

So, keep doing what you are doing!!

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Michael Bostic's avatar

This is probably one of your best articles I've gotten to read. As mentioned, old habits die hard but this is a habit that must be broken no matter how long it takes. Sadly, we as Americans have aided in the deficit myth ourselves along with economists and politicians, believing that our nation will go broke that taxes pay for everything. I used to think this myself. I used to cheer Democrats who lowered the deficit and got angry at Republicans for adding to it. I was an economics major and yes I'm human enough to admit that I wish that MMT was taught to me then. The Deficit Myth has been a game changer for me and has changed my outlook on how our monetary system should work. Its long overdue that we need to stop looking at government debt as a household budget and look at is the non-government surplus.

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