The issues are lining up for a centrist move.

What is “fiscal responsibility” nowadays anyway? The currency issuer only has inflation as the limit to it spending new currency into existence. Currency users have a household budget constraint but not government with a fiat floating exchange rate currency. Please elaborate in the context of inflation as it’s really the only spending limit nowadays with modern money.

Like what you read? Give Jason E a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.