The mainstream media panics about the national debt. Mitchell’s PDF shows that . If the government cuts the deficit, the private sector must go into deficit (borrow more) or save less. This is not opinion; it is accounting.
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Mitchell's critique of mainstream macroeconomics is based on several key points: The mainstream media panics about the national debt
: It explains why governments that issue their own currency are not financially constrained in the same way individuals are. macroeconomics william mitchell pdf
In the world of economic literature, the textbook Macroeconomics William Mitchell L. Randall Wray Martin Watts