What if the federal deficit doesn’t actually matter much? Modern Monetary Theory explained

https://youtu.be/P6wjaygkfNk If the US government can print new money to bailout corporations and banks and financial markets, why can't it do so for programs which help the average American instead? Stephanie Kelton’s new book, ‘The Deficit Myth,’ argues the path to shared prosperity and achieving progressive goals means no longer asking how we will pay … Continue reading What if the federal deficit doesn’t actually matter much? Modern Monetary Theory explained

Just Use ‘the Computer’ at the Fed to Give People More Money

Up“We simply use the computer to mark up the size of the account.” ~ Ben Bernanke Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. Markets Go Berserk as Fed Just Starts Printing More Money Vice-president Dick Cheney famously boasted, “Reagan proved … Continue reading Just Use ‘the Computer’ at the Fed to Give People More Money