Quote:
Originally Posted by Adder
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.
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What do you think I'm referring to when I say we're out of runway to issue more debt? I'm not talking about the debt ceiling, or any budgetary or legislative issue.
If we can issue debt endlessly, then why tax? Relatively, a small chunk of the infinite is no different than a big one.
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