Is there really such thing as a “debt ceiling”? If so, how can we (they? US?) just vote to raise it?
- is there a number, or derived # (e.g., debt > GDP x ## = no good)
Ergo, government can raise dept with no limits.
2019/03/03 or so…. seems that MMT is about to be making an appearance in the general zeitgeist (??); AOC is talking about it, and what she sez gets lots of exposure. This week has numerous articles in more mainstream press (Bloomberg being the best so far… should check The Economist…)
Remember: could also be my personal bubble of Internet usage… is Google suggesting more MMT ’cause I’m thinking about it??
2019-05-21:
From this article: https://www.worldfinance.com/markets/modern-monetary-theory-continues-to-gain-traction
“Of course, MMT proponents argue that such a concern is nothing more than hypothetical posturing. The US is far away from using its full amount of real resources and can always use taxation to curb inflation should it occur. “
- ?? so taxing takes money out of the economy? But all those bills and coins still exist, don’t they?
