by Summary:
The periodic debt ceiling silliness has again erupted in the United States. Since I was feeling mildly unwell this week, I was largely out of the loop. If the reader wants a brief explanation of what the trillion dollar coin idea is about, I highly recommend my brief discussion in my latest book Modern Monetary Theory and the Recovery.If we go beyond the shameless self-serving plugs, it is quite easy to summarise my views....When the electorate gets tired of this nonsense, it will go away. But as long it plays well, the political theater around the deficit, debt and the debt ceiling as a demonstration of fiscal responsibility will play well. And a long as it plays well, don’t' expect the craven media to drop it either. The sooner this public tires of this stupidity the better.Bond
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The periodic debt ceiling silliness has again erupted in the United States. Since I was feeling mildly unwell this week, I was largely out of the loop. If the reader wants a brief explanation of what the trillion dollar coin idea is about, I highly recommend my brief discussion in my latest book Modern Monetary Theory and the Recovery.If we go beyond the shameless self-serving plugs, it is quite easy to summarise my views....When the electorate gets tired of this nonsense, it will go away. But as long it plays well, the political theater around the deficit, debt and the debt ceiling as a demonstration of fiscal responsibility will play well. And a long as it plays well, don’t' expect the craven media to drop it either. The sooner this public tires of this stupidity the better.Bond
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
The periodic debt ceiling silliness has again erupted in the United States. Since I was feeling mildly unwell this week, I was largely out of the loop. If the reader wants a brief explanation of what the trillion dollar coin idea is about, I highly recommend my brief discussion in my latest book Modern Monetary Theory and the Recovery.When the electorate gets tired of this nonsense, it will go away. But as long it plays well, the political theater around the deficit, debt and the debt ceiling as a demonstration of fiscal responsibility will play well. And a long as it plays well, don’t' expect the craven media to drop it either. The sooner this public tires of this stupidity the better.If we go beyond the shameless self-serving plugs, it is quite easy to summarise my views....
Bond Economics
Trillion Dollar Coins And Debt Ceilings (Again...)
Brian Romanchuk