Please read @StephanieKelton's excellent op-ed on this subject. Spoiler alert: we don't carehttps://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html?_r=0 …
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Spoiler Alert #2: If we taxed the 1% the amount that we should, we'd have a surplus, not a deficit.
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No. It’s time to get beyond deficit hawk mysticism. Far beyond time. See modern monetary theory.
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If you were a "business guy" like me, you should know that a currency issuer is nothing like a business.https://patrioticmillionaires.org/2017/07/25/like-a-public-utility-the-government-should-serve-the-people/ …
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Mark, can you take less than 2 minutes and watch this? and then *please* correct your tweet. https://www.youtube.com/watch?v=c4sD-JDVwwQ … *please*
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I love Deficit Owls! Keep 'em coming. They will listen or we elect someone who will.
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What about if you care about not letting disingenuous liars like you mislead the public? What then?http://m.huffpost.com/us/entry/542134
Thanks. Twitter will use this to make your timeline better. UndoUndo
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As an economist, I care about fiscal responsibility. It is fiscally irresponsible to balance the budget when the private sector is in need of the funds that deficit spending provides.
#economics#MMTThanks. Twitter will use this to make your timeline better. UndoUndo
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#BeSmarter You are bright. Read up on#MMT. What learned in Econ 101 was either deliberate obfuscation or sad naivety. Wrong either way.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Stop with this nonsense. Just stop it. You all in Congress appropriate and authorize the use of public funds by fiat. The USG issues the U.S. Dollar.
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Govt is most fiscally irresponsible institution on the planet! Bal Budget is "STUPID" Accounting. Would you run your household like this?pic.twitter.com/HhmdulbYXn
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No, but then my household can't issue its own currency, or collect taxes. In fact, household budgets are not like government budgets at all.
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Well Yea was kind of the point. Governmental Accounting according to GAAP is seriously flawed! Collecting Taxes is like UR inc.
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It's really not though.
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For currency issuers, spending (or lending) is how they create money for the economy to use. And taxing is removing it from economy.
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