Guns, Butter, and Bonuses (MMT, Money, and Deficits) Part 2

In part 1 I discussed some of the core lies of neoliberalism: That money creation is based on deposits; that we need the banks in order to create money; that money creation without risking runaway inflation is constrained by anything other than the capacity utilization of the economy; that under today’s Depression circumstances America … Continue reading Guns, Butter, and Bonuses (MMT, Money, and Deficits) Part 2