When you know MMT, you have The Right Stuff

Gold Standard Airlines vs. Post-Gold Standard Airlines

Gold Standard Airlines flew in the air, in an airplane, and they were flying while ‘fixed’ to gravity.

Post-Gold Standard Airlines ‘floats’ in space, in a space craft, and they’re floating because they are no longer fixed to gravity like Gold Standard Airlines.

Post-Gold Standard Airlines is not as concerned about pitch, roll and yaw in space the same way as Gold Standard Airlines was. Post-Gold Standard Airlines doesn’t have to worry about where you are in relation to the horizon, because in space there is no ‘horizon’. Post-Gold Standard Airlines is not as worried about filling the fuel tanks as Gold Standard Airlines did because Post-Gold Standard Airlines creates its own fuel on-board.

It’s two different paradigms…two different crafts…two different instrument panels…everything is different.

Mainstream thought is that the federal gov’t is still the same as a household, which is like thinking that an astronaut is the same as a pilot.

When you know MMT, you have The Right Stuff.

Thanks for reading,

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The US National quote unquote ‘Debt’

The US National ‘Debt’ is a liability, is an obligation, but is not an actual ‘debt’ to the federal gov’t (the issuer of $$$) like an actual debt is for a household (the user of $$$).

Federal gov’t ‘debt’ is nothing more than a running total of how many additional $$$ the issuer ‘supplied’ to the users.

Rather than thinking of the rising amount of the federal gov’t ‘debt’ as a bad thing, think of it as a measure of our incremental growth.

(Not wanting to supply the $$$ needed for that growth, and thinking that we need to ‘offset’ higher federal gov’t spending on the private sector with ‘cuts’ elsewhere in the private sector is the same as telling your child that you won’t buy him bigger pants unless he agrees to wear a smaller shirt).

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