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Unpacking Modern Monetary Theory w/ Warren Mosler

Real Vision: Finance & Investing

CHAPTER

The Fed's Unintended Increase in Deficits

The Fed increased deficit spending to something higher than the military budget without vote of Congress or anything else. It increases spending to fight inflation. This money interest goes only to people who already have money and in proportion to how much they already have. So it's the most obscenely regressive form of juicing the economy you could possibly imagine.

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