Debunking the Deficit Hysteria with Stephanie Kelton
Why Is This Happening? The Chris Hayes Podcast
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Is There a Constraint?
The key conceptual thing here, right? Which is that the constraints are real as opposed to fiscal. And when what we mean by that is real, you can't just like, the government can't create a bunch of value by just creating a lot of money if nothing gets built with it. That's the fundamental idea. Exactly. Not the ledger in the Fed. Right. The problem is that our economy and virtually all economies chronically operate below that curve. We have available resources that are lying idle. They're sitting around. But he wants them. Just the air fifties and land elics. Yeah. All we got in our society. It's so funny because I keep going
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