Why the sign on the dress was wasted space for progress…
“A good beginning to understanding Modern Monetary Theory for the lay person. At least one congressman is supporting this lens on spending and he is the Democrat Budget Chief. This is a DESCRIPTION not a PRESCRIPTION. This challenges the NDP Tax The Rich to spend. The rich should be taxed but that should be done to balance the economy not balance the budget to enable spending.
She draws a distinction between householder and federal budgets and spending. When she says Congress, in Canada that is parliament, The Federal Reserve is like the Bank of Canada, Treasury in the USA is more like The Ministry of Finance, etc. The Institutions may have different names but the functions are very similar.” (14 min.) -Herb Wiseman
"There is nothing pragmatic about an incremental solution to a catastrophic problem." - Ron Placone