Connecting the dots- deficit reduction is now only about inflation, not insolvency

From comments by Warren Buffet to Alan Greenspan, And from all the responses to the S&P downgrade by economists and financial professionals from the four corners of the world, THE WORD IS OUT! The US government is the issuer of the US dollar. So no matter how large the federal deficit might be: The US […]

The other Warren (Buffet) gets MMT?

Waiting for the day when he adds: ‘There for federal taxes function to regulate aggregate demand, and not to raise revenue per se.’ Warren Buffett: Failure to Raise Debt Limit Would Be ‘Most Asinine Act’ Ever By Congress By Alex Crippen April 30 (CNBC) — Warren Buffett says if Congress fails to raise the U.S. […]