by Summary:
A giant end-of-month spending spree in August has ballooned the Federal defiicit to 0 bln and 4.8% of GDP.This is the largest nominal deficit since 2009 and the largest as a percentage of GDP since 2012.The MMT gods should be cheering this. They're not. Weird.
Topics:
Mike Norman considers the following as important: deficit, economic boom, economy, Federal deficit, fiscal policy, Kelton, MMT, money printing, Mosler
This could be interesting, too:
A giant end-of-month spending spree in August has ballooned the Federal defiicit to $980 bln and 4.8% of GDP.A giant end-of-month spending spree in August has ballooned the Federal defiicit to 0 bln and 4.8% of GDP.This is the largest nominal deficit since 2009 and the largest as a percentage of GDP since 2012.The MMT gods should be cheering this. They're not. Weird.
Topics:
Mike Norman considers the following as important: deficit, economic boom, economy, Federal deficit, fiscal policy, Kelton, MMT, money printing, Mosler
This could be interesting, too:
Merijn T. Knibbe writes ´Extra Unordinarily Persistent Large Otput Gaps´ (EU-PLOGs)
Angry Bear writes A Fiscal Policy in a Global Context?
Dean Baker writes Capitalism and Democracy: The market is far more flexible than Christopher Caldwell imagines
Merijn T. Knibbe writes More ´Natural rate of unemployment´ busting, bad measurement edition.
This is the largest nominal deficit since 2009 and the largest as a percentage of GDP since 2012.
The MMT gods should be cheering this. They're not. Weird.
