Donald Trump and the Republicans are insisting the economy is great and unhappy Americans are deluded. Just like Democrats under Joe Biden, they’re lying to themselves and everyone else — and will eventually pay the price.
The US is a financial sovereign. It has the monopoly over its currency: You don’t need the rich ! Govments within a financial sovereign can decide/agree in congress to pay for things they want with the only limit being that the thing/service is available in that currency. It’s called MMT, as american as apple pie, and no MMT is not communist.
Why do the rich hate MMT? Because they get paid risk free interest by offering the guvment their money.
The US is a financial sovereign. It has the monopoly over its currency: You don’t need the rich ! Govments within a financial sovereign can decide/agree in congress to pay for things they want with the only limit being that the thing/service is available in that currency. It’s called MMT, as american as apple pie, and no MMT is not communist.
Why do the rich hate MMT? Because they get paid risk free interest by offering the guvment their money.