An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Let me see. Could it be that debt to GDP of 225%-250% is not sustainable? How about the demographics have flipped in the 20+ years of printing? How about they may not continue to run trade surpluses? How about they have multiple core meltdowns at a certain plant along the coast of Japan with the govt. covering up the true debacle that it is?I could go on, but you get the picture. Things change.
Tom check out this little article that a friend sent to me whom I share MMT ideas with. http://www.offthechartsblog.org/new-gdp-numbers-show-historic-drop-in-state-and-local-spending/In the header he said, "just as you were saying"I think this speaks for itself and this guy explains it step-by-step as to how aggregate demand and government spending works. Perhaps post it up?
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