{"id":377556,"date":"2018-09-17T06:36:41","date_gmt":"2018-09-17T05:36:41","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/massive-deficit-spending-lewrockwell\/"},"modified":"2018-09-17T06:36:41","modified_gmt":"2018-09-17T05:36:41","slug":"massive-deficit-spending-lewrockwell","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/massive-deficit-spending-lewrockwell\/","title":{"rendered":"Massive Deficit Spending – LewRockwell"},"content":{"rendered":"
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

America\u2019s problem isn\u2019t a lack of deficit spending\/consumption. America\u2019s problems are profoundly structural.<\/i><\/p>\n

The nice thing about\u00a0free to me money<\/i>\u00a0from any source is the recipients don\u2019t have to change anything.<\/b>\u00a0Free money is the ultimate free-pass from consequence and adaptation: instead of having to make difficult trade-offs or suffer the consequences of profligacy, the recipients of free money are\u00a0saved<\/i>: they can continue on their merry way, ignoring the monumental dysfunction of their lifestyle.<\/p>\n

This explains the appeal of\u00a0Modern Monetary Theory (MMT)<\/i><\/b>, which holds that deficit spending is the \u201csolution\u201d to all our problems because governments can\u2019t go broke\u2013they can always emit whatever currency they need via printing or borrowing.<\/p>\n

The problem with government deficit spending is it\u2019s\u00a0free money<\/i>\u00a0to the recipients<\/b>: there are no feedback mechanisms to enforce any consequences for spending that\u2019s wasteful, fraudulent or inefficient\/ineffective.
\n\"\"<\/a><\/span><\/span>
\nGet a Job, Build a Rea…<\/a><\/span><\/span>
\nCharles Hugh Smith<\/span>
\nBest Price: <\/span>$8.49<\/span><\/span>
\nBuy New <\/span>$10.99<\/span><\/span>
\n(as of 12:35 EDT – Details<\/span>)<\/span><\/span>
\n<\/a><\/span>
\n<\/span><\/p>\n

Deficit spending simply enables the wasteful, corrupt, rewarding-insiders profiteering state-cartel kleptocracy to continue gorging on public spending.<\/b>So what desperately needed efficiencies and improvements are imposed on the higher education cartel by handing the cartel another trillion dollars of public spending? None.<\/p>\n

What desperately needed efficiencies and improvements are imposed on the healthcare cartel by handing the cartel trillions of dollars in publicly funded \u201cMedicare for all\u201d? None.<\/p>\n

What desperately needed efficiencies and improvements are imposed on the national defense cartel by handing the cartel additional trillions of public spending?…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

America\u2019s problem isn\u2019t a lack of deficit spending\/consumption. America\u2019s problems are profoundly structural. The nice thing about\u00a0free to me money\u00a0from any source is the recipients don\u2019t have to change anything.\u00a0Free money is the ultimate free-pass from consequence and adaptation: instead of having to make difficult trade-offs or suffer the consequences of profligacy, the recipients of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-377556","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/377556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=377556"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/377556\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=377556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=377556"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=377556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}