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#mmt #USdebt #economics #debt #deficit #USpol
The Debt Scolds are Back. For Now. - by Stephanie Kelton https://stephaniekelton.substack.com/p/the-debt-scolds-are-back-for-now
@ApostateEnglishman@mastodon.world@steve_zeke Ah, someone who understands MMT, how refreshing!
I tried to explain a little of it in this thread: https://mastodon.world/@ApostateEnglishman/114014407127786017
Stephanie is amazing. She has a real gift for collapsing complex ideas down into layman's terms. I think I got The Deficit Myth on its first print run as my copy was pre-ordered.
@ApostateEnglishman
Challenging to try explaining in a microblogging format. I usually suggest reading the very accessible book or watching “finding the money” film or any of a number of shorter resources.
@steve_zeke I'm actually quite enjoying the 500-character limit! While there are plenty of servers with 1000, 2000 or even 5000 character limits, lots of folks on here simply won't read the longer posts so it ends up being a waste of time.
As you say, a brief overview with a link for those who want to learn more is better. It's just a shame so many bloggers use Substack as I won't share Substack links on principle. 