If the U.S. Treasury Employed Fraudulent “MMT,” It Would Have No Debt
Money buys nothing, while products always and everywhere buy products. Which means governments that produce nothing can only spend insofar as they have taxable access to private sector production, not an active printing press. Without the former, they have no spending power. None. The obvious requires stating firstly because Modern Monetary Theory (MMT) is having […]
If the U.S. Treasury Employed Fraudulent “MMT,” It Would Have No Debt Read More »