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Re: Modern Monetary Theory [message #90212 is a reply to message #90210]

Wed, 01 May 2019 14:45

Rusty
Messages: 1089
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Glad you took note of it. I think some of what they're getting at with this economic offshoot is that government debt is not the boogieman that it is made out to be. Japan has a much higher debt to GDP ratio, with no inflation. The current debt level reflects what the federal government has spent, over the history of this country on all manor of things, worthwhile and wasteful. It can be for the collective good of society, or the selective few in society. Like W.W. II or the recent tax cut for wealthy individuals. Or say, the banking bail out in 08, that they created.
When individuals claim, how is it going to be paid for? Think of this. Your taxes don't really PAY for any of what the government spends in deficit. That's the concept which is the seeming obstacle to wrap ones mind around. I view it as a sensible way for the government to get things done that benefit it's citizens. As the MMT economists state emphatically to their naysayers. This economic principal does not give a free lunch, and does not claim that the government can spend limitless amounts of money without the probability of inflation suppressing the economy. But it gives quite a bit more leeway tackling seemingly insoluble issues like the crumbling infrastructure this country faces, without everyone having to become burdened with crushing taxes and belt tightening elsewhere in our general well being. That's the self inflicted wound of austerity. They say essentially, the government can spend what's needed up to the capacity of what resources are available and ability of workers to make it happen. Uncle Sam is not a banker, he does not expect his investment to make money for the government. Or even be repaid.

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		Modern Monetary Theory By: Rusty on Mon, 03 September 2018 14:25
		Re: Modern Monetary Theory By: Kingfish on Mon, 03 September 2018 14:56
		Re: Modern Monetary Theory By: Rusty on Sun, 09 September 2018 11:23
		Re: Modern Monetary Theory By: gofar99 on Tue, 11 September 2018 16:43
		Re: Modern Monetary Theory By: Rusty on Wed, 12 September 2018 10:12
		Re: Modern Monetary Theory By: Rusty on Sun, 17 February 2019 18:09
		Re: Modern Monetary Theory By: Kingfish on Wed, 01 May 2019 11:04
		Re: Modern Monetary Theory By: Rusty on Wed, 01 May 2019 14:45
		Re: Modern Monetary Theory By: Kingfish on Sun, 12 May 2019 15:37
		Re: Modern Monetary Theory By: Rusty on Mon, 13 May 2019 09:56
		Re: Modern Monetary Theory By: Rusty on Mon, 13 May 2019 10:28
		Re: Modern Monetary Theory By: Newjack on Mon, 13 May 2019 23:24
		Re: Modern Monetary Theory By: Rusty on Tue, 14 May 2019 09:57
		Re: Modern Monetary Theory By: Rusty on Fri, 07 June 2019 10:40
		Re: Modern Monetary Theory By: Rusty on Wed, 25 March 2020 19:09
		Re: Modern Monetary Theory By: Rusty on Sat, 04 April 2020 09:58
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 13:05
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 15:40
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 16:14
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 17:23
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 17:34
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 19:19
		Re: Modern Monetary Theory By: Rusty on Mon, 13 April 2020 11:09
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 13 April 2020 16:00
		Re: Modern Monetary Theory By: Rusty on Mon, 13 April 2020 17:03
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 15 April 2020 11:48
		Re: Modern Monetary Theory By: Rusty on Wed, 15 April 2020 14:25
		Re: Modern Monetary Theory By: Rusty on Sun, 19 April 2020 11:36
		Re: Modern Monetary Theory By: Rusty on Wed, 19 August 2020 10:08
		Re: Modern Monetary Theory By: Rusty on Sat, 10 October 2020 09:07
		Re: Modern Monetary Theory By: Rusty on Tue, 29 December 2020 11:22
		Re: Modern Monetary Theory By: Rusty on Wed, 27 January 2021 11:42
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 10:21
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 15 February 2021 11:58
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 14:34
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 15 February 2021 15:23
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 17:09
		Re: Modern Monetary Theory By: Rusty on Tue, 16 February 2021 11:57
		Re: Modern Monetary Theory By: Rusty on Wed, 17 February 2021 10:52
		Re: Modern Monetary Theory By: Rusty on Sat, 20 February 2021 10:53
		Re: Modern Monetary Theory By: Rusty on Mon, 22 February 2021 09:25
		Re: Modern Monetary Theory By: Rusty on Tue, 23 February 2021 11:09
		Re: Modern Monetary Theory By: Rusty on Sun, 28 February 2021 10:12
		Re: Modern Monetary Theory By: Rusty on Tue, 16 March 2021 12:26
		Re: Modern Monetary Theory By: Rusty on Wed, 17 March 2021 17:49
		Re: Modern Monetary Theory By: Rusty on Sat, 17 April 2021 11:10
		Re: Modern Monetary Theory By: gofar99 on Sat, 17 April 2021 11:24
		Re: Modern Monetary Theory By: Rusty on Sat, 17 April 2021 18:32
		Re: Modern Monetary Theory By: Rusty on Thu, 29 April 2021 13:53
		Re: Modern Monetary Theory By: Rusty on Wed, 05 May 2021 09:07
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 05 May 2021 11:04
		Re: Modern Monetary Theory By: Rusty on Wed, 05 May 2021 14:09
		Re: Modern Monetary Theory By: Rusty on Fri, 07 May 2021 10:20
		Re: Modern Monetary Theory By: Rusty on Fri, 14 May 2021 11:38
		Re: Modern Monetary Theory By: Rusty on Tue, 25 May 2021 12:30
		Re: Modern Monetary Theory By: Rusty on Fri, 28 May 2021 18:15
		Re: Modern Monetary Theory By: Rusty on Mon, 31 May 2021 11:43
		Re: Modern Monetary Theory By: Rusty on Wed, 16 June 2021 08:54
		Re: Modern Monetary Theory By: Rusty on Mon, 21 June 2021 08:07
		Re: Modern Monetary Theory By: Rusty on Wed, 14 July 2021 12:25
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 10:07
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 11:22
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 13:03
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 14:41
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 16:07
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 17:44
		Re: Modern Monetary Theory By: Rusty on Fri, 16 July 2021 09:50
		Re: Modern Monetary Theory By: Rusty on Wed, 21 July 2021 17:25
		Re: Modern Monetary Theory By: Rusty on Tue, 27 July 2021 16:16
		Re: Modern Monetary Theory By: Rusty on Wed, 18 August 2021 10:24
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 18 August 2021 12:59
		Re: Modern Monetary Theory By: Rusty on Thu, 19 August 2021 14:37
		Re: Modern Monetary Theory By: Rusty on Fri, 20 August 2021 14:54
		Re: Modern Monetary Theory By: Rusty on Tue, 31 August 2021 09:38
		Re: Modern Monetary Theory By: gofar99 on Tue, 31 August 2021 21:54
		Re: Modern Monetary Theory By: Rusty on Wed, 01 September 2021 10:05
		Re: Modern Monetary Theory By: Rusty on Sat, 04 September 2021 09:46
		Re: Modern Monetary Theory By: gofar99 on Sat, 04 September 2021 21:34
		Re: Modern Monetary Theory By: Rusty on Sun, 05 September 2021 07:20
		Re: Modern Monetary Theory By: gofar99 on Sun, 05 September 2021 08:36
		Re: Modern Monetary Theory By: Rusty on Sun, 12 September 2021 09:50
		Re: Modern Monetary Theory By: gofar99 on Sun, 12 September 2021 20:39
		Re: Modern Monetary Theory By: Rusty on Mon, 13 September 2021 09:27
		Re: Modern Monetary Theory By: Rusty on Wed, 15 September 2021 10:41
		Re: Modern Monetary Theory By: Rusty on Sat, 25 September 2021 13:08
		Re: Modern Monetary Theory By: Rusty on Wed, 06 October 2021 11:08
		Re: Modern Monetary Theory By: Rusty on Tue, 19 October 2021 09:44
		Re: Modern Monetary Theory By: Rusty on Sat, 23 October 2021 12:02
		Re: Modern Monetary Theory By: Rusty on Sat, 23 October 2021 16:43
		Re: Modern Monetary Theory By: Rusty on Sat, 30 October 2021 13:26
		Re: Modern Monetary Theory By: Rusty on Sun, 07 November 2021 08:57
		Re: Modern Monetary Theory By: Rusty on Mon, 08 November 2021 15:18
		Re: Modern Monetary Theory By: Rusty on Mon, 22 November 2021 10:01
		Re: Modern Monetary Theory By: Rusty on Wed, 08 December 2021 19:30
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 09 December 2021 09:22
		Re: Modern Monetary Theory By: Rusty on Thu, 09 December 2021 12:01
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 09 December 2021 13:38
		Re: Modern Monetary Theory By: Rusty on Thu, 09 December 2021 18:28
		Re: Modern Monetary Theory By: gofar99 on Fri, 10 December 2021 20:31
		Re: Modern Monetary Theory By: Rusty on Sat, 11 December 2021 08:56
		Re: Modern Monetary Theory By: Rusty on Sun, 12 December 2021 10:03
		Re: Modern Monetary Theory By: Rusty on Tue, 04 January 2022 12:33
		Re: Modern Monetary Theory By: Rusty on Thu, 13 January 2022 11:41
		Re: Modern Monetary Theory By: Rusty on Tue, 01 February 2022 12:04
		Re: Modern Monetary Theory By: Rusty on Tue, 08 February 2022 11:00
		Re: Modern Monetary Theory By: Rusty on Wed, 09 February 2022 11:18
		Re: Modern Monetary Theory By: Rusty on Sat, 19 February 2022 17:32
		Re: Modern Monetary Theory By: Rusty on Mon, 28 February 2022 13:40
		Re: Modern Monetary Theory By: Rusty on Tue, 15 March 2022 14:12
		Re: Modern Monetary Theory By: Rusty on Thu, 24 March 2022 11:23
		Re: Modern Monetary Theory By: Rusty on Fri, 01 April 2022 21:42
		Re: Modern Monetary Theory By: Rusty on Thu, 21 April 2022 14:17
		Re: Modern Monetary Theory By: Rusty on Mon, 16 May 2022 10:33
		Re: Modern Monetary Theory By: Rusty on Sun, 05 June 2022 11:43
		Re: Modern Monetary Theory By: Wayne Parham on Sun, 05 June 2022 18:38
		Re: Modern Monetary Theory By: Rusty on Mon, 06 June 2022 10:35
		Re: Modern Monetary Theory By: Rusty on Sun, 12 June 2022 09:32
		Re: Modern Monetary Theory By: Rusty on Wed, 22 June 2022 10:55
		Re: Modern Monetary Theory By: Rusty on Sun, 03 July 2022 11:41
		Re: Modern Monetary Theory By: Rusty on Tue, 12 July 2022 11:31
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 12 July 2022 12:03
		Re: Modern Monetary Theory By: Rusty on Tue, 12 July 2022 17:50
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 12 July 2022 18:27
		Re: Modern Monetary Theory By: Rusty on Wed, 13 July 2022 10:17
		Re: Modern Monetary Theory By: Rusty on Thu, 14 July 2022 07:09
		Re: Modern Monetary Theory By: Rusty on Thu, 14 July 2022 11:15
		Re: Modern Monetary Theory By: Rusty on Tue, 02 August 2022 12:21
		Re: Modern Monetary Theory By: Rusty on Sun, 28 August 2022 13:06
		Re: Modern Monetary Theory By: Rusty on Mon, 05 September 2022 11:59
		Re: Modern Monetary Theory By: Rusty on Sat, 17 September 2022 08:32
		Re: Modern Monetary Theory By: Rusty on Wed, 28 September 2022 11:48
		Re: Modern Monetary Theory By: Rusty on Tue, 11 October 2022 12:58
		Re: Modern Monetary Theory By: Rusty on Fri, 14 October 2022 12:05
		Re: Modern Monetary Theory By: Rusty on Wed, 02 November 2022 11:12
		Re: Modern Monetary Theory By: Rusty on Wed, 16 November 2022 18:34
		Re: Modern Monetary Theory By: Rusty on Sun, 11 December 2022 12:20
		Re: Modern Monetary Theory By: Rusty on Mon, 12 December 2022 19:31
		Re: Modern Monetary Theory By: Rusty on Fri, 06 January 2023 10:18
		Re: Modern Monetary Theory By: Rusty on Tue, 10 January 2023 10:19
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 10 January 2023 15:24
		Re: Modern Monetary Theory By: Rusty on Tue, 10 January 2023 17:21
		Re: Modern Monetary Theory By: Rusty on Tue, 24 January 2023 11:10
		Re: Modern Monetary Theory By: Rusty on Fri, 27 January 2023 10:20
		Re: Modern Monetary Theory By: Rusty on Mon, 30 January 2023 12:09
		Re: Modern Monetary Theory By: Rusty on Sat, 11 February 2023 08:58
		Re: Modern Monetary Theory By: Rusty on Tue, 14 February 2023 11:40
		Re: Modern Monetary Theory By: Rusty on Wed, 15 March 2023 12:05
		Re: Modern Monetary Theory By: Rusty on Sun, 19 March 2023 13:46
		Re: Modern Monetary Theory By: Wayne Parham on Sun, 19 March 2023 18:27
		Re: Modern Monetary Theory By: Rusty on Mon, 20 March 2023 07:46
		Re: Modern Monetary Theory By: Rusty on Tue, 21 March 2023 11:31
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 21 March 2023 13:15
		Re: Modern Monetary Theory By: Rusty on Tue, 21 March 2023 17:16
		Re: Modern Monetary Theory By: Rusty on Wed, 22 March 2023 07:34
		Re: Modern Monetary Theory By: Rusty on Fri, 24 March 2023 12:01
		Re: Modern Monetary Theory By: Rusty on Fri, 07 April 2023 10:55
		Re: Modern Monetary Theory By: Rusty on Sun, 07 May 2023 07:40
		Re: Modern Monetary Theory By: Rusty on Sun, 21 May 2023 18:48
		Re: Modern Monetary Theory By: Rusty on Thu, 25 May 2023 10:36
		Re: Modern Monetary Theory By: Rusty on Thu, 01 June 2023 10:17
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 01 June 2023 18:00
		Re: Modern Monetary Theory By: Rusty on Fri, 02 June 2023 06:37
		Re: Modern Monetary Theory By: Rusty on Thu, 08 June 2023 12:19
		Re: Modern Monetary Theory By: Rusty on Fri, 09 June 2023 15:40
		Re: Modern Monetary Theory By: Rusty on Sat, 10 June 2023 07:55
		Re: Modern Monetary Theory By: Rusty on Tue, 20 June 2023 13:12
		Re: Modern Monetary Theory By: Rusty on Thu, 06 July 2023 10:27
		Re: Modern Monetary Theory By: Rusty on Sun, 09 July 2023 08:51
		Re: Modern Monetary Theory By: Rusty on Mon, 10 July 2023 12:57
		Re: Modern Monetary Theory By: Rusty on Sun, 23 July 2023 09:54
		Re: Modern Monetary Theory By: Rusty on Wed, 26 July 2023 10:08
		Re: Modern Monetary Theory By: Rusty on Sat, 05 August 2023 11:20
		Re: Modern Monetary Theory By: Rusty on Sat, 12 August 2023 18:12
		Re: Modern Monetary Theory By: Rusty on Sun, 13 August 2023 08:49
		Re: Modern Monetary Theory By: Rusty on Tue, 12 September 2023 06:37
		Re: Modern Monetary Theory By: Rusty on Tue, 19 September 2023 12:25
		Re: Modern Monetary Theory By: Rusty on Wed, 27 September 2023 14:35
		Re: Modern Monetary Theory By: Rusty on Sat, 30 September 2023 11:01
		Re: Modern Monetary Theory By: Rusty on Sun, 15 October 2023 09:15
		Re: Modern Monetary Theory By: Rusty on Mon, 23 October 2023 09:04
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 23 October 2023 09:50
		Re: Modern Monetary Theory By: Rusty on Mon, 23 October 2023 11:43
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		Re: Modern Monetary Theory By: Rusty on Thu, 23 November 2023 10:34
		Re: Modern Monetary Theory By: Rusty on Sat, 27 January 2024 08:52
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