You’ll always have horrific outcomes if the starting assumption is that government is necessary.

Quoting @StephanieKelton: If you think government “deficits don’t matter,” try operating the economy without them. Deficits are a necessary, but not sufficient, condition for anything approximating full employment and financial stability.

Henry’s note: dispatched straight to the wire — the post is the whole story. Context and links land as Henry replays the record.