Bill Mitchell — Limits to government spending are not determined by private bond markets

Summary:
The article had a picture of the latest progressive political star – Alexandria Ocasio-Cortez with the caption that she: ... backs the view that restraints on a government’s spending are primarily set by the amount it can borrow without fuelling inflation. Progressive types then thought it was useful to retweet this incessantly for a few days.My response – I certainly hope that Alexandria Ocasio-Cortez does not back that construction of the limits on spending for a currency-issuing government. And I certainly hope that progressives do not embrace it either. Why? It is fundamentally incorrect and just reframes the way neoliberals think and uses their sort of language.... Bill Mitchell – billy blog Limits to government spending are not determined by private bond markets Bill Mitchell

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Mike Norman considers the following as important: Alexandria Ocasio-Cortez, bond vigilantes, MMT

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