Interesting opinion piece. It raises some important questions. I wonder
whether the Post would have printed it when the debate was going on a couple of
years ago over the nature of the tax cut. Deficits are not good but they are
better than starving people.
As the author points out, the money can be used for education and
infrastructure. The resultant employment and prosperity should create a
situation similar to 2000, when GW Bush came into office with no deficit as a
result of general prosperity.
There is a recognition that tax cuts do not always benefit the economy.
Eric
________________________________
From: uupretirees-bounce@xxxxxxxxxxxxx <uupretirees-bounce@xxxxxxxxxxxxx> on
behalf of hils. <dmarc-noreply@xxxxxxxxxxxxx>
Sent: Sunday, March 7, 2021 10:02 AM
To: uupretirees@xxxxxxxxxxxxx <uupretirees@xxxxxxxxxxxxx>
Subject: [uupretirees] With the biggest deficit since WWII, the US thinks it
can print mad money
I thought you'd be interested in this story from the New York Post.
With the biggest deficit since WWII, the US thinks it can print mad money
https://nypost.com/2021/03/06/mmt-and-the-us-biggest-budget-deficit-since-wwii/?utm_source=email_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fnypost.com%2F2021%2F03%2F06%2Fmmt-and-the-us-biggest-budget-deficit-since-wwii%2F%3Futm_source%3Demail_sitebuttons%26utm_medium%3Dsite%2520buttons%26utm_campaign%3Dsite%2520buttons&data=04%7C01%7C%7C137d45de20f544d4088408d8e17a0c94%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637507261595924487%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=CxSGkRrQo9kOUWWa41ExvEJZR787x%2BZ6ZKd%2BAzv0IEw%3D&reserved=0>
Bob Kasprak
========================================
