tag:blogger.com,1999:blog-22468479.post7837207662344235812..comments2024-03-13T03:16:31.400-04:00Comments on Pushing Rope: Why Both Parties Aren't Serious About Deficit ReductionMichael Husseyhttp://www.blogger.com/profile/10798917783817126218noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22468479.post-50895380431947404222010-10-06T01:01:55.134-04:002010-10-06T01:01:55.134-04:00Who cares about deficit reduction
when most member...Who cares about deficit reduction<br />when most members of my family are <br />out of jobs? The people in congress<br />concern about deficit reduction have jobs we don't. Be seriouspepo701noreply@blogger.comtag:blogger.com,1999:blog-22468479.post-39643443166328130232010-09-30T15:04:03.398-04:002010-09-30T15:04:03.398-04:00Nixon killed the gold standard. (Who would have th...Nixon killed the gold standard. (Who would have thought Nixon and John Maynard Keynes would agree on something.) It is a dead issue. Federal money does go into the sconomy. At some point we have to pay off the deficit. Neither party seems to want to have a serious discussion about the deficit.Michael Husseyhttps://www.blogger.com/profile/10798917783817126218noreply@blogger.comtag:blogger.com,1999:blog-22468479.post-49975675408043330742010-09-30T12:03:34.222-04:002010-09-30T12:03:34.222-04:00And it's a damn good thing, too: reducing the ...And it's a damn good thing, too: reducing the deficit would tank the economy, and there are esstentially no benefits to doing so, since the U.S. Government is a currency issuer with no financial limits on its ability to spend or issue debt. Virtually everyone who talks about this issue is stuck in a gold standard paradigm and doens't really understand the modern monetary system.<br /><br />Here's one who does: <br /><br />http://moslereconomics.comJim Bairdnoreply@blogger.com