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The record setting economy is here, says MSM. I have long said, MSM must be viewed as entertainment only. The US economy faces enormous challenges. The biggest obstacle, the challenge that often gets ignore in the world of MMT, is the massive debt required to generate record-setting economic growth. The assumption is we're stupid, or those reporting don't do their homework.
Please remember, the US economy requires massive debt issuance to create economic growth. The law of diminishing return says addition economic growth will require even more debt issuance in the future – as if anyone cares. The US is already well below the Great Depression levels in terms of economic growth per dollar of debt issued. It's less than 26 cents per dollar of credit created today.
Dollars of Economic Growth per $1 Debt issued
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