Bill Black — Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies

Summary:
Bernstein knows that federal tax revenues do not fund federal expenditures. His column shows that he is worried solely about realpolitik rather than real economics, conceding that “deficits don’t seem to hurt the economy.” New Economic PerspectivesJared Bernstein Shows the Costs of Not Understanding Sovereign CurrenciesWilliam K. Black | Associate Professor of Economics and Law, UMKC

Topics:
Mike Norman considers the following as important: deficit hysteria, economics and politics

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