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View Diary: Why deficits don't matter - the reality of government finance (116 comments)

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  •  Actually, once the simple facts of our monetary (6+ / 0-)

    and national accounting system actually works is known, then it's inevitable that we're lead to concentrate on precisely those things:  that is, the real economy.

    Once money is known to be what it IS -- a simple unit of account rather than wealth itself -- then looking at real  wealth is easier.

    The question of what to do about our elderly becomes:  "Do we have the resources to build housing, grow food, etc for our elderly?"

    Cuz the question of whether we can create marks on a computer screen is obviouse:  Of course we can.  And that's all money is, marks  on a computer screen.

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