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#useconomy

45 posts36 participants2 posts today
Continued thread
Public
DrALJONES

2. The US "debt ceiling" isn't a real thing.

The currency-issuing government can always meet liabilities denominated in its currency.

And if the interest payments result in nominal expenditure exceeding the supply capacity of the economy to respond in real terms, there is no necessity to cut back on other expenditures, "because the central bank could control yields &/or the treasury could stop issuing debt."

~Bill Mitchell

billmitchell.org/blog/?p=61837

#USEconomy #USDebt #USPol #mmt .

US Fiscal Position of GDP 193019351940 1945 1950 1955 1960 1965 197019751980 19851990 1995 20002005 201020152020
Public
DrALJONES

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc.

Resource availability is the key constraint on fed spending, not money.

Strategic fed spending can lower inflation* not increase it.

The US *creates* USD. Fed spending requires neither taxes nor borrowing.

Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)

stephaniekelton.substack.com/p

* youtube.com/watch?v=lN12lOC5qGk

#uspol #useconomy #mmt .

..2

The Lens · My Upcoming Debate with Stephen MooreBy Stephanie Kelton
Replied in thread
Public
Robbie 👾

@dabertime Right, I hear that some countries that have been provoked repeatedly are just gonna stop selling that shiny toy that you think is “expensive.”
If we are being honest, the economy is wildly out of balance. Basic needs should be way less expensive and stupid toys like smartphones should be way more expensive.
#USEconomy

Continued thread
Public *
DrALJONES

2. The US "debt ceiling" isn't a real thing.

The currency-issuing government can always meet liabilities denominated in its currency.

And if the interest payments result in nominal expenditure exceeding the supply capacity of the economy to respond in real terms, there is no necessity to cut back on other expenditures, "because the central bank could control yields &/or the treasury could stop issuing debt."

~Bill Mitchell

billmitchell.org/blog/?p=61837

#USEconomy #USDebt #USPol #mmt .

US Fiscal Position of GDP 193019351940 1945 1950 1955 1960 1965 197019751980 19851990 1995 20002005 201020152020
Public
DrALJONES

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc.

Resource availability is the key constraint on fed spending, not money.

Strategic fed spending can lower inflation* not increase it.

The US *creates* USD. Fed spending requires neither taxes nor borrowing.

Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)

stephaniekelton.substack.com/p

* youtube.com/watch?v=lN12lOC5qGk

#uspol #useconomy #mmt .

..2

The Lens · My Upcoming Debate with Stephen MooreBy Stephanie Kelton
Public *
Anthony
In all the talk of US trade deficits forcing Trump et al. to erect tariff barriers to "rebalance trade", we've lost or ignored the fact that the US has an enormous digital trade surplus. See, for instance, this paper Estimating digital product trade through corporate revenue data. The US's main conventional export is currently petroleum, but it exports over twice as much in digital advertising. The US's overall "digital exports" are larger than the total exports of France, which is the world's 7th leading exporter. However, these numbers are not typically included in reports about trade deficits or surpluses.

#Trump #tariffs #USPol #USEconomy #GlobalTrade #trade
NatureEstimating digital product trade through corporate revenue data - Nature CommunicationsThis study introduces a method to quantify trade in digital products, like cloud computing and mobile games. It finds that this trade grows rapidly, may impact trade balances, support economic decoupling, and enhance economic complexity measures.
Public *
DrALJONES

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc.

Resource availability is the key constraint, not money.

And such strategic fed spending can actually lower inflation, not increase it.

Debate: Is reducing the national debt a fiscal priority?

Stephanie Kelton at Arizona State, April 16 (livestream at 8 pm ET)

stephaniekelton.substack.com/p

Kaboub re inflation
youtube.com/watch?v=lN12lOC5qG

#uspol #useconomy #mmt #keltondebate .

The Lens · My Upcoming Debate with Stephen MooreBy Stephanie Kelton
Public
IHender

So as the #USEconomy melts down into the #TrumpGreatDepression™, it will at least be amusing to watch the pundits and legacy media work to shape the public discourse so it all becomes the fault of the Democrats. They will be helped, of course, by more than a few gormless Democrats who will nod their heads in agreement and say they should have worked harder to find a bipartisan solution.

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