Keith Evans
2 min readSep 29, 2021

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Macroeconomics is complex.

While this may be true for the average American who sees their government as a competing "user" of the money supply I find that MMT provides a much simpler framework to explain the mechanics of money. It points out that most of the complexity of traditional economics are nothing but attempts to obfuscate the truth to justify an extreme advantage presented to those who currently control, and benefit from, the existing perception.

Part of this problem is due to the propensity of academia to teach "history" before adopting newer perspectives and information. While we have not used a domestic gold standard since the depression, much of what young aspiring economists are learning yet today is firmly rooted in that obsolete reality.

As a consequence, falsehoods and outright lies have found fertile ground to grow in from the angry worker losing purchasing power daily to the Wall St investor making best guesses about what the Fed will do next. One cannot tune into a network dealing with finance without being assailed by the potential threat of the national debt backed by an endless array of charts and graphs explaining that reasoning.

Once one realizes the operational reality implemented long ago is simply "money in/money out" with Congress in total control of our financial destiny, it becomes obvious that "ANY" suffering or lacking in this economy that can be mitigated with federal spending has nothing to do with econ, but is entirely because someone "wants it" and has access to our political system to enable it. A general econ epiphany would spell the end of "fiscal conservatives" and likely the Republican party that has made it the cornerstone to their hold on power.

I have to give thanks to Dr. Stephanie Kelton and Warren Mosler, among others, for the time and effort devoted to bringing me around to my personal epiphany in economics. It is all about forgetting what you "think you know" to allow the truth to have space and the "aha" moment is liberating.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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