
The Deficit Myth
Slate Money
00:00
Do You Think Congress Really Understands the Mechanics of Money Creation?
I don't think there are very many people in Congress. I probably couldn't even come up with a name to give you for somebody who understands the monetary system and the mechanics that we've just been talking about. It's just, I feel like you've been read Pills by Kelton. And it's frustrating to read. The deficit thing was it didn't make any sense. Like we can't spend this money on poor people because the deficit has been created. No one mentions the war. We know or did I say to the members of Congress? You said that when they pass the bill, they're ordering the Fed to just create the money out of thin air. I think
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