Quote:
Originally Posted by sebastian_dangerfield
Then why don't we just borrow endlessly? Why even keep tabs on the debt, let alone the debt ceiling?
MMT is nonsense.
|
MMT is... not right but does have something to say about whether we are too concerned about debt.
There is absolutely no point to the debt ceiling and we should get rid of it.
We effectively do borrow endless. There are, of course, limits on that but they are market forces, but budgetary or legislative ones.
Threaded Mode