(https://twitter.com/wbmosler/status/916096024837607424)
I’m glad @StephanieKelton has been writing these Op-Eds blowing up deficit myths.
How We Think About the Deficit Is Mostly Wrong
https://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html
Key line: ‘What’s often missed in the public debate is the fact that the money to buy the bond comes from the deficit spending itself.“
Replying to @TheStalwart
And exactly what I told Alan Rogers, trading manager at Banker’s Trust, in 1977 when asked who would buy the new $2billion of 2 year notes.
2017 urr. 5
(Bilioi amerikar bat = Mila milioi europar)
(https://twitter.com/wbmosler/status/916783860188434432)
Replying to @ericlonners @sjwrenlewis and
Left out the fact that the currency is a simple public monopoly so the state is necessarily ‘price setter’
2017 urr. 7
