Do Deficits Matter? (MMT Explained)
The Rhodes Center Podcast with Mark Blyth
00:00
How Are We Going to Pay for It?
i've been saying that the their spending essentially gives birth to new money it creates. The spendingit self creates the dollars that are then available to the rest of us to hold and to have. And they can travel around the economy and help support employment and aggregate demand, until such time as they're taken out. And only the government can remove them. Think of the i r s as hegraveyard for the dollar. So when you pay your taxes, that's the end. But thas the coor ones re just to be very clear on that, so people can follow along. E, everybody who is not a specialist start from the assumption that the government has no money. I
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