Dave Johnson on Nostr: Here is why budget deficits in the US are bad: Because Republicans understand money. ...

Here is why budget deficits in the US are bad:

Because Republicans understand money. They create money to help their constituents - the rich.

When Democrats are in office Republicans drive deficit fear to convince Democrats not to help their constituents - the public - which hurts them in elections.

PS Same for the UK.

#MMT