Spinning Straw Out of Gold- Modern Monetary Theory
davekerber.substack.com
As we move into the “increase the federal debt limit” season, our minds are naturally drawn to macroeconomics. Well maybe not naturally, but hang in there with me a bit and maybe we can discover what is really going on here. The United States debt has gone from $49 billion in 1940 before WWII to $11.3 trillion at the end of the Bush administration in 2009. From there, it has skyrocketed during the Obama, Trump, and Biden administrations to $31.4 trillion. What is on the table today is how much more money are we going to pile on.
Spinning Straw Out of Gold- Modern Monetary Theory
Spinning Straw Out of Gold- Modern Monetary…
Spinning Straw Out of Gold- Modern Monetary Theory
As we move into the “increase the federal debt limit” season, our minds are naturally drawn to macroeconomics. Well maybe not naturally, but hang in there with me a bit and maybe we can discover what is really going on here. The United States debt has gone from $49 billion in 1940 before WWII to $11.3 trillion at the end of the Bush administration in 2009. From there, it has skyrocketed during the Obama, Trump, and Biden administrations to $31.4 trillion. What is on the table today is how much more money are we going to pile on.