klfrs
chill out
Sorry @ks.234 I mangled my reply and deleted it, your reply crossed erasure.
Do you mean I haven't stated my position?
Didn't realise that was the one. But true, as I didn't understand heroic money creation is a part of MMT.Yes, there p may have been a misunderstanding on another thread, To be clear on this thread I was referring to where you said, “sorry, I don’t understand” when I referred to where funding is created and the role of tax that follows from that observation
Do you remember outcome of BoE getting excessively happy with the magic money printing press post gfc/2008?Yes, it was austerity imposed by a monetarist ideological choice that believes that funding comes from taxation
Also worth remembering that it was caused by a monetarist ideology choice that believes that funding comes from borrowing
It is in not a deflection, you have stated a position yet.
Do you mean I haven't stated my position?