“Why, sometimes I’ve believed as many as six impossible things before breakfast.” (or what’s so hard about MMT)

Originally posted on Modern Monetary Theory: Real Economics:
Guest Post by John Armour Last week Australia’s Prime Minister, Tony Abbott, said; “we are now borrowing to pay the interest on the money we’ve borrowed.” He added that if this didn’t stop we were “stuffed.” This must make Abbott lead contender for the title of “The…