Wednesday, April 7, 2021

Infrastructure

President Biden gave a speech today and explained all of the things the country needs to do and I agreed with all of what he said. I agreed with all of that four years ago, eight years ago or even 20 years ago. In the past many of these ideas were held up because they couldn't answer the question of how will we pay for these things. Using the concepts of modern monetary theory (MMT) we no longer have to worry about how to pay. As long as there is less than full employment the fed can just issue all the money that is needed. So lets go. This will provide good paying American jobs using American raw material and American ingenuity. The republicans will try and stop this not because these are bad ideas but because Biden will get the credit. Its the same oh, same oh.

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