There Is No Debt Or Deficit "Problem"
Short Takes: Tax CEO Pay; Overwhelming Support For $15-an-hour Minimum Wage Hike; Uber Bends A Bit
LONG TAKE
It’s those zombie voices again. The ones who rise up from the dead, or from a policy corner, to start the drumbeat of fear about “debt” and “deficits”, all in order to block progress for the people.
So top-line idea for this week: there is no debt or deficit crisis.
The U.S. has never had a debt or deficit crisis.
We have plenty of money in the…