false-monetary-prudence Models

These models and simulations have been tagged “false-monetary-prudence”.

Could repeat expositions of the truth about
money creation undermine the wide-spread erroneous belief that governments
cannot spend more money than they collect in taxes unless they borrow?
Governments, via their central banks, can create as much of their currency as
they wish. They can never be for
Could repeat expositions of the truth about money creation undermine the wide-spread erroneous belief that governments cannot spend more money than they collect in taxes unless they borrow? Governments, via their central banks, can create as much of their currency as they wish. They can never be forced into default on debt obligations issued in their own currency. In fact, they do not even need to issue debt, as the false dogma tries to make us believe - why should a government have to borrow its own currency when it can create it? Could the dynamic indicated by the CLD be used to spread the long-overdue acceptance of monetary reality?