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MMT

…investment. The government can take more of the economy’s financial resources, but only at the expense of lost private investment. This means that running budget deficits has at least some…

Searching for Stimulus

…but the effect has faded and GDP is returning to its trend growth. Corporate taxes also declined, and as a result, the budget deficit widened. The Congressional Budget Office has…

Larry Summers has Concerns

Early this morning the Senate passed a budget resolution telling committees to spend an additional $ 1.9 T on Covid relief. Yesterday, Larry Summers wrote an op-ed expressing concerns about…