American debt

[HeSaidSheSaid]

The sale of securities of course removes the new money from the economy and replaces it with securities. Then the Fed will adjust the ratio of securities in the economy to transactional money via open market operations.

would you explain how this mechanism works. please prove it with the real data, events, facts, processes. Afterall, this is economics. it's all about data and hard facts.

I don't agree with a lot of things in your responses (it seems your understanding is made up by perception and your own interpretations or else show me the facts, the actual mechanisms that have been implemented in the real world to address the debt problem.
perhaps, those economists received degree from a university in the Carribean. That's why their contribution(s) isn't recognized by the Nobel award people.

 

[piezoe]

would you explain how this mechanism works. please prove it with the real data, events, facts, processes. Afterall, this is economics. it's all about data and hard facts.

I don't agree with a lot of things in your responses (it seems your understanding is made up by perception and your own interpretations or else show me the facts, the actual mechanisms that have been implemented in the real world to address the debt problem.
perhaps, those economists received degree from a university in the Carribean. That's why their contribution(s) isn't recognized by the Nobel award people.

Sadly, there is no education without effort.
Supporting arguments you ask for can be found here:
L. Randall Wray, "Understanding Modern Money" The original is out of print but I think Wray has a newer addition under a revised title (see Amazon). The Introductory Chapters contain one of the most thorough treatments of Money that exists.

I am happy to guide you., but I won't do the work for you. Among the more prominent of the many MMT "Carribean economists" are the first four I've listed below.. Look up each in Wiki, except Tankus. This will give you their formal credentials and allow you to discover for yourself which, if any, got much beyond high school . Please let us know what you find out. Mitchel and Wray have a new undergrad text out. It must have been ghost written? I included Tankus because I didn't want you to be unhappy in you conclusions.
1. L. Randall Wray
2. Stephanie Kelton
3. William Francis Mitchell
4. Warren Mosler
5. Nathan Tankus (go here: https://www.tbsnews.net/world/tankus-law-student-no-degree-turned-economic-analyst-176920)


You may find some of the above mentioned in the Wiki article on MMT. For sure you will Find a critique of MMT there. It's certain to please you.
see https://en.wikipedia.org/wiki/Modern_monetary_theory