""Progressive leadership accommodates excess savings by realising that borrowing doesn't really exist. What reactionaries call 'borrowing' is actually just a carried forward balancing item in the accounts. It occurs costlessly and automatically as a function of the way double entry bookkeeping works."
""Progressive leadership accommodates excess savings by realising that borrowing doesn't really exist. What reactionaries call 'borrowing' is actually just a carried forward balancing item in the accounts. It occurs costlessly and automatically as a function of the way double entry bookkeeping works."
LOL. And you call Dave 'hopeless', ??
Public "Borrowing" in this country is so real that it has always EXISTED by that name - in absolutely the most-real of financial law - since 1791.
Then came along Moslerian 'funny-money' talk and with his "reserve add and drain" announcements to the monetarily-ignorant Post-Keynesians, and denied our nation's history.
Nice work, guys and girls.
Fifteen years later
Where has it gotten MMT?
A huge cadre of mis-informed 'followers' that cannot figure out what's wrong, but nobody listening where it counts, on Bernie's Budget Committee.
""Progressive leadership accommodates excess savings by realising that borrowing doesn't really exist. What reactionaries call 'borrowing' is actually just a carried forward balancing item in the accounts. It occurs costlessly and automatically as a function of the way double entry bookkeeping works."
LOL. And you call Dave 'hopeless', ??
Public "Borrowing" in this country is so real that it has always EXISTED by that name - in absolutely the most-real of financial law - since 1791.
Then came along Moslerian 'funny-money' talk and with his "reserve add and drain" announcements to the monetarily-ignorant Post-Keynesians, and denied our nation's history.
Nice work, guys and girls.
Fifteen years later
Where has it gotten MMT?
A huge cadre of mis-informed 'followers' that cannot figure out what's wrong, but nobody listening where it counts, on Bernie's Budget Committee.
MMT Fail.
The Money Apprentice