We must break out of our current understanding of taxing to spend that limits our ability to spend, when the only real limits we have are our real capacity limits. The issue isn't lack of money. It's what to do in addition to spending to manage inflation.
vocal.media/theSwamp/why-w…
vocal.media/theSwamp/why-w…
We are watching what happens in real-time of this belief that we can't somehow afford $3.5 trillion in spending, despite being our own currency issuer. Means-tested stuff gets more means-tested. Stuff gets axed. Other stuff expires faster. It's the wrong discussion to be having.
We shouldn't be arguing over what to save and what to cut and what to trim. The debate should be on how to best design the programs, and then how to best manage the impacts of that spending on the economy. What kind and amount of taxes? How to best improve supply chain issues?
If enough people read @StephanieKelton's The Deficit Myth, especially people in Congress, we wouldn't be where we are right now, debating over how best to carve up the carcass of a bill, and what meat should stay on the bones. We'd be managing abundance.
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