Debt, Deficits, & The Path To MM
...the end-game cometh!It is just the regularly scheduled default, it will be mild and government continues. The problem is not the default, it is the sudden turbulent overnight MMT episode, mostly engineered by the panicked economists.
Suggest we ignore conventional wisdom and just assume this happens on a regular basis, then hedge the event next time. Taking that approach allows us to minimize the mass hysteria propagated by the confused economist.
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