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The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc. And such strategic fed spending can actually lower inflation, not increase it*

Important debate on whether reducing the national debt a fiscal priority (hint, it's not):

Stephanie Kelton at Arizona State, April 16 (livestream at 8 pm ET)

https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore

* https://www.youtube.com/watch?v=lN12lOC5qGk

#USEconomy #mmt #uspol #filmfindingthemoney #thedeficitmyth .

My Upcoming Debate with Stephen Moore

Should the federal government make reducing the national debt a fiscal priority?
Stephanie Kelton (The Lens)
#uspol #mmt #useconomy #filmfindingthemoney #TheDeficitMyth
Dieser Beitrag wurde bearbeitet. (8 Stunden her)

DrALJONES hat dies geteilt

P Regina
The ‘running out of dollars' part is true; the inflation part, alas, is fantasy.
DrALJONES
No, sorry, you're out of date on this point.

The evidence shows that wise spending boosts economies. It's about when, how, and on what the govt spends:

https://www.youtube.com/watch?v=lN12lOC5qGk

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P Regina
It all depends on what you mean by 'spending'. I took what you said about printing money and the resultant incomes literally. If all you do is print money and distribute it you'll get inflation, and no new evidence will suggest otherwise. If, however, that printed money is used for investment (and it doesn't have to be 'productive' investment), then indeed it can lead to rising non-inflationary living standards.
DrALJONES
No, I never talk about "printing" money, bcz that's not how fed spending works these days.

Fed spending - buying stuff & crediting sellers' bank accounts - literally brings the currency into existence (no printing involved).

Did you watch the interview I sent ? It's a detailed explanation.
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