Yessssss, thissssssss — hallelujah, Sweet Reason! — ‘“Congress does not have to borrow—that’s completely optional. Instead the government can let people hold cash. That way there would not be fights over the debt and debt ceiling,” Kelton said.
Critics of MMT often argue that such policies could lead to hyperinflation. But Kelton does not see that as a threat in the U.S. ...Read More