The thesis that “deficits don’t matter” does not begin with the English economist John Maynard Keynes, but with the much-less-known Polish economist Michal Kalecki.
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Granting greater sovereignty to Indian reservations could have benefits for Americans both inside and outside the reservation borders.
In April, year-over-year growth in the money supply was at 1.99 percent. That was up slightly from March's growth rate of 1.92 percent, but was well down from April 2018's rate of 4.32 percent.
MMT is presently one of the most dangerous economic ideas out there, and should consequently attract our utmost attention.