Analysis Versus Propaganda: Whose ‘Plan’ Is Really Better For The World’s Largest Economy?

Analysis Versus Propaganda: Whose ‘Plan’ Is Really Better For The World’s Largest Economy?

During the second (and, mercifully, the last) US presidential debate, Donald Trump delivered a characteristically apocalyptic prediction for what fate would befall the US economy in the event voters decide to cancel "Celebrity Apprentice: Oval Office" after ratings plunged during the fourth season. "If he gets in, you will have a depression the likes of which you've never seen," the president said of Biden. "Your 401(k)'s will go to hell and it'll be a very, very sad day for this country." Not
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One thought on “Analysis Versus Propaganda: Whose ‘Plan’ Is Really Better For The World’s Largest Economy?

  1. Great post.

    Yes, exactly this: “…tapping into the economy’s endogenous growth potential through government investment.”

    You gotta figure that if they go full MMT, we have a couple of years before politicians get the whisper-in-ear from Mosler/Kelton to slow down. During the time leading up to the whisper is an opportunity to “borrow” money and go big on all matter of investments into the long term productivity and innovation in our economy.

    Perhaps this is a once in a century opportunity.

    Spend oodles of money toward the goal of long-term productivity gains and innovation. In the meantime, helping to feed people, house them, and make sure they are healthy and educated, is a small price to pay.

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