Point taken.

Why does the monopoly issuer of a sovereign fiat currency need “income”?
26
1
Keith Evans
Ed Dolan
·Follow
1 min read·
May 9, 2018
--
Point taken. But it is not really relevant. Even if you believe it is unreasonable to insist on a budget that is balanced over time, it is even worse to balance it annually than to balance it over the cycle.
--
--
Written by Ed Dolan1.5K Followers
·887 Following
Economist, Senior Fellow at Niskanen Center, Yale Ph.D. Interests include environment, health care policy, social safety net, economic freedom.
Responses (1)
Help
Status
About
Careers
Press
Blog
Privacy
Terms
Text to speech
Teams