Deficits can be used for good or evil. They can enrich a small segment of the population, driving income and wealth inequality to new heights, while leaving millions behind. They can fund unjust wars that destabilize the world and cost millions their lives. Or they can be used to sustain life and build a more just economy that works for the many and not just the few.
If the federal government were forced into fiscal conservatism and had to balance its budget instead of balancing the economy,…
A federal government with a sovereign currency has a unique responsibility/capability - A Balanced Economy. Unlike the federal government, you…
From Intro To Modern Money Theory: "Modern Monetary Theory is partly a description of how our modern fiat, floating exchange…