@151Call@StephanieKelton Gov borrowing and handing out $ like candy to everyone when the economy was shut down & guaranteed loans.
Its simple more $ chasing the same amount of goods & services.
@Chimp63@StephanieKelton Zimbabwe
Lebanon
Argentina
Turkey
Srilnaka
Bank of Canada and Bank of England Sovereign Default Database, 160 governments have defaulted on their debt since 1960.
As you were saying???
@TyKeynes What a a moron who can't understand Pre K math that Gov can't spend a liability of nothing becauae 0-1=0 called?
Just moron or do we add to that?
@StephanieKelton Ledgers come after wealth creation.
18% of tax revnues go to sustaining the debt.
Gov spends 42% more than it collects in tax revenues.
Debt to GDP 120% and rising.
Debt has gone from $5 trillion when MMT began to $40 trillion promising riches to the people.
You are full of.
@StephanieKelton Not every company is profitable. Higher taxes can push marginal firms under, killing jobs and their tax revenue. Others may leave the U.S., taking jobs and revenue with them. And you said taxes don’t fund government—did you flip-flop on that?