dennisbmurphy
1 min readAug 11, 2021

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Who are "most economists"? As usual Mr Busler makes assertions with NO attibution.

Bulser is stuck in the gold standard era- debt in the modern era is NOT the same as it was under the gold standard. The US govt is a currency issuer not a user- Federal debt is NOT the same as household debt.

Dave Watkins commented below "Sadly this cannot work until conservatives take over from Trumpists as the people in charge of the Republican Party." While there are SEVERAL reasons actual Republicans need to take back the party- debt and deficits aren't the issue. Recall that both GWhs of Bush and Reagan exploded debt while the economy was GOOD yet Republicans (pre-Trump) whined loudly at Obama and now Biden who are pushing for economic relief during a CRISIS! See the discrepancy?

2/3rds to 3/ths of the "debt" is ledger items in which the govt actually owes ITSELF

Hyperventilating over the debt right now is PURELY political

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dennisbmurphy
dennisbmurphy

Written by dennisbmurphy

Cyclist, runner. Backpacking, kayaking. .Enjoy travel, love reading history. Congressional candidate in 2016. Anti-facist. Home chef. BMuEd. Quality Engineer

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