Friday, November 22, 2024

How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat

 How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat - Modern Money Theorist Stephanie Kelton explains...it's easy. Short version: cut interest rates.  Alternative: buy all the interest-bearing treasury bills/bonds with non-interest-bearing dollars. The bulk of the spending to cut is interest.

See also my post: "How Money Works"

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