MMT to Congress: You are the scorekeepers for the US dollar, not a player!
July 30, 2011 at 21:19 PM EDT
Imagine a card game, where every entity in the economy is one of the players, and you, Congress, are the scorekeeper. The message here is the difference between being the scorekeeper and being a player. The problem is, you are acting like one of the players when, in fact, you are the scorekeeper. And you support [...]