Undisciplined on Nostr: MMT: Believe in the "Incredible Power" of the State ...
MMT: Believe in the "Incredible Power" of the State
https://mises.org/power-market/mmt-believe-incredible-power-state
By Jonathan Newman
> Every cent of government borrowing displaces credit that would be extended to value-creative uses in the market economy and represents future taxation or inflation.
https://mises.org/power-market/mmt-believe-incredible-power-state
By Jonathan Newman
> Every cent of government borrowing displaces credit that would be extended to value-creative uses in the market economy and represents future taxation or inflation.