Unpacking Modern Monetary Theory w/ Warren Mosler
Real Vision: Finance & Investing
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The Debt Ceiling Extension: Is It a Solvent?
The idea that it's a solvency issue is now gone, he says. The risks of hitting this debt ceiling have not been understood by Republicans or the financial press,. It's more than just a stop in spending; it's a dynamic downward spiral with almost instantaneous effects.
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