Fed Chair Powell gets it wrong, just as did Bill Dudley.

Summary:
More proof we are ruled by morons.  The battle line is drawn, with the ruling elite and neoclassical economists at the center and the flanks occupied by Austrians and Libertarians on the right and clueless progressives on the left, with corporate media in the background, facing off with the MMT economists at the center flanked by MMT advocates, backed by a public that agrees with genuine progressive goals. Now it is a battle for hearts and minds. Quartz Actually, deficits do matter, says Fed chairman Jerome Powell Natasha Frost Benzinga InstituteFed Chair Powell: 'We Are Prepared To Adjust' Washington Examiner'Just wrong': Jerome Powell rejects AOC's theory about government debt Colin Wilhelm Financial ReviewFed chairman Jerome Powell shoots down Ocasio-Cortez's big deficit

Topics:
Mike Norman considers the following as important: Bill Dudley, FED, Jerome Powell, MMT, MMT criticism, MMT critics

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