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James E Keenan's avatar

Stephanie Kelton asks, "[D]o we need deficit myths and old-time budgetary religion to protect us in a world of uncertainty?"

Who are "we" and "us" in that question? No doubt you're using them rhetorically, but I fear that could boomerang on you (and, in non-rhetorical sense, us). The Washington Democrats (ranging from Schumer to Pelosi to Manchin) still need those myths to one degree or another. The Washington Republicans need them when they're not in power. As Tonto said to the Lone Ranger, ....

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ptregillus@gmail.com's avatar

"Are MMT economists too cavalier about the risks of inviting everyone in on the secret?" No. The Rs figured it out with the Bush and McConnell-Trump tax cut for the rich.

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