Birdwatch Note Rating
2024-10-29 06:33:33 UTC - HELPFUL
Rated by Participant: B965457161AC0D7418578CA5A815F256B341DC669ED8B40EBF123D77327B5F05
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Original Note:
The $35.8T U.S. debt (~$103,700 per capita) reflects public savings in private hands, not a household debt burden. Treasuries convert dollars into secure, interest-bearing assets, issued to manage rates, not to raise money. Inflation—not insolvency—is the real concern. https://www.publicaffairsbooks.com/titles/stephanie-kelton/the-deficit-myth/9781541736207/ https://www.treasurydirect.gov/marketable-securities/ http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf https://www.peri.umass.edu/publication/item/449-modern-money-theory-a-response-to-critics https://press.princeton.edu/books/hardcover/9780691159126/why-minsky-matters
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