QOTD: How Politicians Use Economics

“The jobs pay for themselves,” she says, by creating new socially productive stuff that makes its way into the economy. What matters isn’t the deficit but whether these new work hours can generate something useful. Kelton thinks it’s obvious that there’s plenty of room for more work today. Poverty and unemployment are tricks played on the economy by money ― there are no material or productive barriers to eli...

source http://thereformedbroker.com/2018/05/21/qotd-how-politicians-use-economics/