Modern Monetary Theory is On the March – New Economic PerspectivesNew Economic Perspectives

Modern Monetary Theory is On the March – New Economic PerspectivesNew Economic Perspectives
— Read on neweconomicperspectives.org/2019/02/modern-monetary-theory-is-on-the-march.html

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Pete Peterson foundation, your center for economic ignorance, speaks again.

#Monetary Sovereignty - Mitchell

The Peter G. Peterson Foundation (PGPF), like the equally wrong, Committee for a Responsible Federal Budget (CRFB), continues to broadcast economic nonsense, the purpose of which is to widen the Gap between the rich and the rest.

On November 20, 2018, PGPF published a post titled “Top 10 Reasons Why The National Debt Matters.”

In typical PGPF fashion, some of its “top 10 reasons” aren’t really reasons at all, and the rest are utter nonsense.  Here is a sampling for your amusement or horror:

At $21 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.

I. The national debt is a bipartisan priority for Americans. Nearly three-quarters of voters (71 percent) agree that the national debt should be a top-three priority for the country, including 69 percent of Democrats, 68 percent of Independents and…

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