An article by Stephanie Kelton of MMT fame titled, “Biden Can Go Bigger and Not ‘Pay for It’ the Old Way,” appeared in the New York Times recently. She cautions against increasing taxes to fund elevated Federal Government spending demanded by Biden and his Democrat cronies, and urges alternatives to avoid impinging upon the economy’s resource constraints in labour, material and equipment.
In her words, “Just as my son’s Lego projects are limited by the amount of bricks …we can’t squeeze more goods and services out of our economy once we’ve made use of all available resources.”
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