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:
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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.
