Learn #OperationalReality - Sm Posted: Oct 13th, 2018 - 3:36 pm In Reply to: Socialism works for a while (while borrowing from the future) - so they get the satisfaction of telling
Luckily, this notion is totally divorced from the operational reality of modern money. Politicians on both sides of the aisle in congress decry any big increase in government spending because [insert something about inflation or how scary the deficit is]. Naturally, this logic quietly vanishes each time they raise their own pay, increase military spending, or cut taxes for their wealthy pals. The fact, however, is that it never applied in the first place.
If congress passed a spending bill for a job guarantee program today, then tomorrow the government could pay to create as many jobs as it likes the same way it pays for as many tanks, hellfire missiles, soldiers, and drones as it likes — by altering numbers in a spreadsheet.
https://www.johnlaurits.com/2018/mmt-marxism-modern-money-part-2/
LINK/URL: Learn #OperationalReality
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