Conversation

@profstevekeen explains how the model Elon Musk and other #governmentspending cutters use to inflict #austerity on us is wrong.

It’s based on false ideas about economy from the middle ages.

For us living in the 21st century, government borrowing to finance the deficit is a sustainable system because of central banks and private banks are constantly creating money.

Boom! Abundance, not scarcity!
Fiat money rocks 🙂
#economy #deficit #moneycreation
https://youtube.com/watch?v=pGAhw6j2yis