MMT is poison, he's clearly bought in
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Is this take straying into MMT territory?
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We are China, dun dun dun dun dun dun dunpic.twitter.com/7nThwNIU4n
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Yes any day now the Chinese are going to come calling for all their debt to be repaid at once. As much as I hate trump, one reason he has kept the economy in good shape is he hasn’t listened to you bozos on either fiscal or monetary policy
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I think Trump broke Krugman
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The 2000 election broke him.
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He's basically right. We're monetarily sovereign and most of our is simply money we owe ourselves. Whereas most conservatives think the US federal budget is like a household budget, where we could somehow go broke or involuntarily default.
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More importantly, “we” is my children, not him
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The worst Krugman op-ed I ever encountered was one in which he argued that stagflation was a Republican myth.
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