“Deficit Denier” ??
The accusation of being a ‘deficit denier’ seems to cause real problems for many progressives. We should meet this accusation head-on. WTF is a ‘deficit denier’ anyway? This is the obvious question that needs to be asked. Is anyone denying the UK and US governments spend more back into their economies than they receive in taxation revenue? No-one is. Neither is anyone denying, during the very rare times the government is in surplus, the reality that everyone else is then in deficit themselves. Someone has always to be in deficit. What is there to deny?
We try to be deficit comprehenders. Just like Stephanie Kelton’s deficit owls. We try to understand and explain why a sovereign government like the UK can be in deficit for an extended period of time and why the bailiffs aren’t knocking on the door demanding an immediate repayment of all loans.
View original post 450 more words