INTEGRAL WORLD MAILING LIST
 
http://www.integralworld.net
Newsletter Nr. 1.106
Amsterdam, August 21, 2023


THE NATIONAL DEBT DELUSION AND MMT FOR THE PEOPLE - JOE CORBETT

It is not uncommon to see media pundits going hysterical over the 32 trillion dollar national debt by saying this will bankrupt America, and that we are morally irresponsible to leave the burden of paying it down on future generations. In reality, for America and other advanced economies with their own currency, and who don't have a lot of debt in other currencies than their own, like Australia, Canada, England, Japan, China and many others, there is no national debt crisis no matter how much the deficit is.

https://www.integralworld.net/corbett108.html