The Biden administration continues its efforts to privatize Medicare, despite rebranding after blowback.
Jacobin piece:
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#Biden #Healthcare #Medicare #Privatization #JoeBiden #Neoliberalism #RealProgressive #LukeParcher
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What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.
Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!
To learn more about Modern Monetary Theory, check out our podcasts!
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