#deficitspending — Public Fediverse posts

EU gives Germany free pass over defence spending | Nation

Germany will e…
#Economy #afp #continentalunions #deficitspending #EconomyofEU #economyofeurope #EconomyofEuropeanUnion #EconomyoftheEU #EconomyoftheEuropeanUnion #EUeconomy #Europe #europeaneconomicarea #Europeanintegration #EuropeanUnion #germany #Government #governmentfinances #internationalrelations #latemoderneurope #MacroeconomicPolicy #Politics #politicsoftheeuropeanunion #StabilityandGrowthPact
https://www.europesays.com/2592649/

France’s new PM courts the left a day after ratings downgrade | Nation https://www.byteseu.com/1376942/ #afp #austerity #Bond(finance) #BondMarket #CreditRating #Debt #DeficitSpending #economies #economy #EconomyOfFrance #EmmanuelMacron #Finance #France #Government #GovernmentBond #GovernmentBudgetBalance #GovernmentFinances #GrossDomesticProduct #Liability(financialAccounting) #macroeconomics #money #PoliticalEconomy #Politics #PublicEconomics #PublicFinance

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.

The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.

#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT

The notion of the state crowding out the private sector by its #deficitspending is currently trending. On my blog, I point out why it's a fallacy:

#economics #PostKeynesianism #PKE #debt #rates
https://jakobsteffen.substack.com/p/the-nonsense-of-crowding-out

“The government can always finance its spending by creating money.”
~Hyman Minsky, economist

#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT