by Summary:
Were we being lied? is deficit good?
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Steve Keen considers the following as important:
This could be interesting, too:
Were we being lied? is deficit good?
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| were we being lied? is deficit good? |
#MMT
We need to stop calling our money supply a deficit! Language is important, and allowing folks to frame our money supply as something to be afraid of has to stop.
There are valid reasons to be concerned about allowing the money supply to grow too large ~ but the answer to that is to increase taxes.
I agree. I've decided to rename the Deficit to "Fiat" from now on. At least that word implies creation rather then dimunition, which is what "Deficit" implies.