by Summary:
The deficit has just surpassed trillion. Actually, .033T as of September 5.This is the largest deficit in 7 years and the largest as a percentage of GDP in 7 years as well. (4.8% of GDP.)The deficit has experienced a rapid escalation in the past 2 years.I don't hear any cheering from the MMT gods about this.And Mosler is still bearish.
Topics:
Mike Norman considers the following as important: deficit, Mosler
This could be interesting, too:
The deficit has just surpassed $1 trillion. Actually, $1.033T as of September 5.The deficit has just surpassed trillion. Actually, .033T as of September 5.This is the largest deficit in 7 years and the largest as a percentage of GDP in 7 years as well. (4.8% of GDP.)The deficit has experienced a rapid escalation in the past 2 years.I don't hear any cheering from the MMT gods about this.And Mosler is still bearish.
Topics:
Mike Norman considers the following as important: deficit, Mosler
This could be interesting, too:
Matias Vernengo writes Modern Money Theory in the Tropics: A Reply to Agustin Mario
Frances Coppola writes Pandemic economics: the role of central banks and monetary policy
Frances Coppola writes Pandemic economics: the role of central banks and monetary policy
Mike Norman writes Mnuchin says US must cut spending and reduce the deficit: Recipe for guaranteed recession.
This is the largest deficit in 7 years and the largest as a percentage of GDP in 7 years as well. (4.8% of GDP.)
The deficit has experienced a rapid escalation in the past 2 years.
I don't hear any cheering from the MMT gods about this.
And Mosler is still bearish.