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This isn't meant to excuse deficits, youtube
Deficits by the monetary sovereign should be monster beats outlet nj jackson the norm, not the exception. Otoh, fiat should only be legal tender* for government debts, not private ones. That should optimize the fiat creation rate since if the monetary monster beats outlet nj jackson sovereign overspends relative to taxation and the real beats studio batteryminder where to buy growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. beats studio batteryminder where to buy
*But voluntarily useable for private debts too.
I put the "not" in the wrong place. I meant to say that a deficit in the public sector is defined as "going into debt" while a deficit in the household sector is defined as "not paying debt obligations when the payments come due" .
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