by Summary:
Summary The US budget deficit is 0 billion in October 2018; this is a net expansion of income and savings in the private sector and explains the rebound in markets. The good news is that dollars are being added to the economy by the Federal government, allowing the private sector to post a 0 billion surplus. Private credit growth has rebounded this month and made a B contribution to aggregate demand and fiscal flows. Republican president and Republican Congress. Bring on the stimulus (denied Obama)! "Reagan proved that deficits don't matter.…" — Dick Cheney (2004) Fed reaction response: Raise interest rates (without realizing that the addded interest payments are also stimulative and higher interest is a price rise). Seeking AlphaGood News: The U.S. Government Runs A 0B
Topics:
Mike Norman considers the following as important: MMT, US fiscal deficit, wynne godley
This could be interesting, too:
Summary The US budget deficit is 0 billion in October 2018; this is a net expansion of income and savings in the private sector and explains the rebound in markets. The good news is that dollars are being added to the economy by the Federal government, allowing the private sector to post a 0 billion surplus. Private credit growth has rebounded this month and made a B contribution to aggregate demand and fiscal flows. Republican president and Republican Congress. Bring on the stimulus (denied Obama)! "Reagan proved that deficits don't matter.…" — Dick Cheney (2004) Fed reaction response: Raise interest rates (without realizing that the addded interest payments are also stimulative and higher interest is a price rise). Seeking AlphaGood News: The U.S. Government Runs A 0B
Topics:
Mike Norman considers the following as important: MMT, US fiscal deficit, wynne godley
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
Summary
Republican president and Republican Congress. Bring on the stimulus (denied Obama)! "Reagan proved that deficits don't matter.…" — Dick Cheney (2004)
- The US budget deficit is $100 billion in October 2018; this is a net expansion of income and savings in the private sector and explains the rebound in markets.
- The good news is that dollars are being added to the economy by the Federal government, allowing the private sector to post a $100 billion surplus.
- Private credit growth has rebounded this month and made a $17B contribution to aggregate demand and fiscal flows.
Fed reaction response: Raise interest rates (without realizing that the addded interest payments are also stimulative and higher interest is a price rise).