Monetary Sovereignty, Balancing the Budget, and Rand Paul’s Penny Plan
Posted onRecently, during a mini-Twitter war with a John Maynard Keynes enthusiast, this fellow sent me a link to an article on “Monetary Sovereignty.” You may already know where this is going. Don’t you know that “deficits don’t matter!” The article’s main theme was that we must run budget deficits or we’ll have a recession! Monetary […]