When Govt ministers talk about the National Economy like its a household, the question is - do those ministers simply know nothing about economics or they know about economics and are just lying to the public?
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Modern Monetary Theory/Model clearly states that public households (with full reserve banking) do NOT function like private households because public households/governments can create fiat currency.
@stephaniekelton.bsky.social
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@stephaniekelton.bsky.social
https://davidgraeber.org/articles/britain-is-heading-for-another-2008-crash-heres-why/