Kerry Pechter — Estimate What: America Is Rich

Warning: Ingestion of the contents of this column may crusade symptoms of apoplexy together with dyspepsia with disciples of classical macroeconomics, neo-liberalism, or 'deficit hawks' inwards the United States of America of America Congress.
Do y'all even then wonder where the Federal Reserve establish the trillions of dollars it needed to bail out the banking manufacture dorsum inwards 2008? Or how the field could endure “broke” only afford a massive corporate taxation cut? Or how Uncle Sam could behavior a $20-plus trillion national debt together with even then savour depression borrowing costs?

Ten years afterward the fiscal crisis, a surprising unwrap of people perish on to brood over these questions. Seeking answers, nigh 400 of them gathered final weekend at the New School of Social Research inwards lower Manhattan for the Second International Conference of Modern Monetary Theory (MMT)....

Retirement Income Journal
Guess What: America Is Rich

Kerry Pechter