Can I be absolutely clear. I am not against stimulus packages or borrowing. But you have to pay for it. Even Sweden has high taxes to pay for their social programs. So if you want inflation, you have it. Too high inflation will hit spending FYI but whatever, you want it and have asked for it and I will just watch and see. I never supported lockdowns so I can criticise its aftereffects whatever they maybe.
Well, let me be perfectly clear. You failed to be perfectly clear. It sounds like you mean "pay for it" 100%. MMTers argue, as I have said at least 6 times, that the US Gov. needs to have a deficit almost every year, because there are leakeges of money out of the economy. The main ones being net savings and net money leaving the country to buy stuff.
. . . Therefore, the US Gov. does not need to pay for programs 100%. In fact, paying for all programs 100% will slow the economy. Look at the EU & EZ for evidence that this is true.
. . . Grok this, sir; the US Gov. is *not*, at all, like a household or corp., period. Please sir, reply so we can hash ths point out for the lurkers.
. . . When you say the US Gov. must pay for its programs, like stimulous, it sounds like you don't yet grok that basic simple truth. Sir, the whole point of a stimulous to to add money into the economy to replace money that was sucked out in some way. If the Gov. must tax enough to "pay for it", then no net money is being added.
Do you believe that the US national debt is goignto be a burden of your grandchildren? I know you will not answer. I have pointed out at least 6 tmes that the UK, aka England, has had a national debt for over 325 years now. During all that time it had deficits in most years. It paid-off very little compared to the additional boorrowing. All the graphs you will ever see of this are of debt/GDP over time. Never the raw debt over time. I suppose that there may have been times when the UK Gov. behaved as if it was a burden, and so it was a burden (I'm thinking of PM Thacher). But, was it ever *necessary* for the UK to behave like that? MMTers say, loudly, NO! Not even losing their Empire made the UK make an effort to pay-off its national debt. Because the UK is off the gold standard since 1971, the national debt is even less of a burden than it was before 1971.