3 ms·
The truly sad part is that it is not one or the other. Inspite of all the talking points, govt can and does create money. The idea of a balanced budget is true
by vaidhy 3y ago
The truly sad part is that it is not one or the other. Inspite of all the talking points, govt can and does create money. The idea of a balanced budget is true for a business, not for the federal government. Obviously, there are side effects and you should not overdo it.
Majority of states do not want to pay people for work and that is why we are in this situation. WA recently hiked the pay for teachers and other states can also follow the same if they desire.
On the last note, most of that assistance went as equipment and armaments, not as cash.
- wilg 3y ago> Inspite of all the talking points, govt can and does create money. If you're talking about MMT as a solution, check again, it's pretty much discredited.
- vaidhy 3y agoMMT claims there are no limits. I do not claim so.. I believe there are side effects and a need for moderation. However, money is created out of thin air.
- dragonwriter 3y ago> MMT claims there are no limits. No, it doesn’t. The central claim of MMT with regard to fiscal policy is that the only real constraints on government spending balance are those resulting from the monetary impacts of, e.g., the net creation/destruction of money. That is very different from “there are no limits”.