Texas47 reposted
Brilliant speech on the subjects of "Modern" Monetary Theory (MMT), monetary debasement and inflation. Don't be put off because it's coming from a Canadian politician. Applies 100% to the U.S. situation as well. H/T Grant Williams
New federal debt since 2020: $354B. Share of it bought by central bank: $302B — or 84%. Face it: this government has embraced the crackpot “Modern” Monetary Theory of paying bills with printed cash. A modern idea that’s thousands of years old.
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