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This was a great post. I feel like you're communicating the point much more clearly these days. It's crazy that a credible economist like Randall Wray makes so many basic mistakes.

Thanks. Honestly, I am surprised that the MMT people continue to promote this idea. I mean, it's fine to say that deficits can be good. But the idea that the govt "must" deficit spend is empirically wrong.

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche