Tag Archives: deficit spending

Good summary of the main points regarding public debt.J. W. Mason's BlogA Baker’s Dozen of Reasons Not to Worry about Government DebtJW Mason | Assistant Professor of Economics, John Jay College, City University of New York

MMT gets a mention. Increasingly, the mentions are not negative, just a statement of the MMT position. That's called educating the public.Looking at the US economy, things are going quite well based on money creation, both through government injection and private credit extension. This is a reason that the Fed is raising rates as part of its reaction function to balance the trend, in addition to its commitment to normalizing after the effects of addressing the global financial crisis...