Yes. It was a terrible article. Reinforced all the nonense that does so much damage.
Reposted from
Musical Chairs
I won't link to today's fairytale RNZ article on how govt spending works. But the picture below is the simplest I can draw the reality. Simple test question for people who say otherwise is 'How much does Govt debt increase when Govt sells a bond?'
The correct answer is undeniably zero. [1/n]
The correct answer is undeniably zero. [1/n]
Comments