The US can *never* run out of USD.
All Americans could have universal healthcare, housing, education, transport, etc.
Resource availability is the key constraint on fed spending, not money.
Strategic fed spending can lower inflation* not increase it.
The US *creates* USD. Fed spending requires neither taxes nor borrowing.
Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)
https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore
* https://www.youtube.com/watch?v=lN12lOC5qGk
#uspol #useconomy #mmt .
..2
All Americans could have universal healthcare, housing, education, transport, etc.
Resource availability is the key constraint on fed spending, not money.
Strategic fed spending can lower inflation* not increase it.
The US *creates* USD. Fed spending requires neither taxes nor borrowing.
Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)
https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore
* https://www.youtube.com/watch?v=lN12lOC5qGk
#uspol #useconomy #mmt .
..2
My Upcoming Debate with Stephen Moore
Should the federal government make reducing the national debt a fiscal priority?Stephanie Kelton (The Lens)
DrALJONES hat dies geteilt
DrALJONES •
The currency-issuing government can always meet liabilities denominated in its currency.
And if the interest payments result in nominal expenditure exceeding the supply capacity of the economy to respond in real terms, there is no necessity to cut back on other expenditures, "because the central bank could control yields &/or the treasury could stop issuing debt."
~Bill Mitchell
https://billmitchell.org/blog/?p=61837
#USEconomy #USDebt #USPol #mmt .
DrALJONES hat dies geteilt
LoranJohn •