This is a deep dive into Warren Mosler’s easy to understand book on how macroeconomics really works. Do you know how the Federal Appropriations process works? Then you have no idea how we pay for any policy that becomes law. Listen in and change the conversation forever.
The federal govt is the currency issuer, it can’t work like your household budget, simply because it makes the money, it never has to find revenue! Just think of how different your budget would look if you had a printing press!? Your only limit would be what’s for sale! It is the same with the federal govt.
Policy is paramount and understanding macroeconomics is key to enacting good Progressive policy. This is “How we pay for it” that ends all counterarguments. In fact, what we make, produce, and the value of our labor is what produces the value of our economy. Therefore, proper investment in us drives economic growth for the nation.