Do Deficits Really Matter?
Does the federal deficit matter or is it just one of those myths entertained by faulty economic thinking?
Modern Money Theory (MMT), a heterodox school of macroeconomic thought asks:
* To what degree is a country monetarily sovereign?
* How does that impact the economic policies that country is able to pursue?
A monetarily sovereign nation is one whose government issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and does not take on debt in any currency other than its own
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