John Griswold
1 min readDec 31, 2021

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There's no evidence that the average voter knows anything at all about how currency is created or put into the economy, and the many things you state as facts about the relationship between currency creation, taxes, deficits and the economy are hypotheses, not facts or even theories in the scientific sense. All very well to hypothesize a relationship between "a continued balanced budget" which "forces the economy to continue to expand GDP to roll over debt"...given that we have NEVER had a continued balanced budget for more than a couple of years out of the last 75, and HAVE had continued expansion of the GDP, this would seem to be a logical non sequitur.

Even if all your hypotheses were true, and even if Democratic politicians accepted them as true, politics still exist and the "education" of American voters over a century or more has hammered deficits as bad for the economy, bad for the country, bad for Joe Sixpack. There's probably no more certain course to political wipeout than publicly adopting MMT as a party platform, which is probably why we have been PRACTICING MMT on the down low for over 40 years while claiming to care about balancing the budget. Are you not aware of the political hay being made over our $30 trillion dollar deficit?

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John Griswold
John Griswold

Written by John Griswold

Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful

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