Didn’t you hear, the national debt is actually our savings! Stephanie Kelton really is a genius
Discussion
More specifically, the private sector's "savings".
Her book "The Deficit Myth" is very interesting. In the first chapter, she admits that fiat money is backed by the threat of violence.
She said the same thing in the documentary
‘Printing money is fine because we can create demand through taxes and if ppl refuse to use our money and pay taxes then they go to jail’ 🤡 that’s basically the line of thinking
Just hold a gun to people’s head and make them build your social projects. All for the greater good of course
One thing she does often, like all other MMT proponent, is to say "I'm not prescribing how the economy should be. I'm only describing how it works".
I've seen her say this in interviews, but she also wrote it in the first half of the book. In the second half, she starts to prescribe how things should be.
This statement reminds me when they said the Covid Vax was safe and effective!!
Remember?