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You are here		www.stlouisfed.org Does the National Debt Matter?\| St. Louis Fed
\|	\|	andolfatto.blogspot.com MacroMania: Constrained efficient inflation	1.4 parsecs away Travel
\|	\|	I haven't had time to do much blogging lately. But I have been studying the recent burst of inflation and thinking of how to interpret what ...	1.4 parsecs away Travel
\|	\|	andolfatto.blogspot.com MacroMania: Cochrane on why debt matters	1.9 parsecs away Travel
\|	\|	The stock of national debt is now larger than our annual national income in the United States. Is this something to worry about? Does it mat...	1.9 parsecs away Travel
\|	\|	andolfatto.blogspot.com MacroMania: Is the U.S. budget deficit sustainable?	2.8 parsecs away Travel
\|	\|	The U.S. federal budget deficit for 2018 came in just shy of $800 billion, or about 4% of the gross domestic product (the primary deficit, ...	2.8 parsecs away Travel
\|	\|	ebuchman.github.io Critique of MMT from a Monetary Localist Easy There Entropy	18.2 parsecs away Travel
\|		Modern Monetary Theory is refocusing economics on an important set of ideas: monetary sovereignty, the resource constraint, and a basic jobs program. There are curious parallels to cryptocurrencies. But MMT still has some ways to go to become the ecologically and socially sound theory of money we so desperately need	18.2 parsecs away Travel