,
7 tweets,
2 min read
Read on Twitter
Thread
Larry says it’s a dangerous to say, “that the government can just print the 💰.”
Was it dangerous when...
Larry says it’s a dangerous to say, “that the government can just print the 💰.”
Was it dangerous when...
Alan Greenspan said it?
When Warren Buffet said it?
When Joe Stiglitz said it?
Or when you said it?
No one is saying that because the US can print the 💵 that we can spend on M4A, job guarantee, Green New Deal, etc. without ever raising taxes. That is not MMT. I don’t know where you got that impression, but it is not MMT.
We are simply noting that the federal government is not revenue-constrained and that the way we currently approach the federal budgeting process is restricting our potential.
