[lbo-talk] Money

SA s11131978 at gmail.com
Sat Aug 6 10:22:22 PDT 2011

On 8/6/2011 11:50 AM, Steve Bruns wrote:

> I'm having trouble parsing the fundamental difference between Brad
> Delong's $500B platinum coin, Bernanke's "computer keystroke" funding
> of QE 1, 2 and soon to be 3 and the Chartalist/MMT concept of money =
> points. Doesn't this put to rest the notion that Treasury needs to
> borrow funds to deficit spend - other than the statutory requirement,
> of couse? Could someone point me to a clarification?

I don't really see the discrepancy you're trying to explain. I doubt DeLong or Bernanke would dispute the MMT argument that, absent legal constraints, Treasury *could* spend without issuing bonds.


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