<p>Most people think reducing the federal budget deficit is a good thing. Makes sense, right? I mean, if I’m broke & have bills, that’s bad! But there’s a problem: The analogy between my finances and those of a currency-issuing government is false. Wrong. Illogical. So why do so many people keep getting it wrong? Turns out, they’ve been misled—by economists! 1/3</p><p><a href="/tags/thefederaldeficitisourmoney/" rel="tag">#TheFederalDeficitIsOurMoney</a> <a href="/tags/thedeficitmyth/" rel="tag">#TheDeficitMyth</a> <a href="/tags/deficit/" rel="tag">#Deficit</a> <a href="/tags/economics/" rel="tag">#Economics</a> <a href="/tags/doubleentryaccounting/" rel="tag">#DoubleEntryAccounting</a> <a href="/tags/bothsidesofthestory/" rel="tag">#BothSidesOfTheStory</a> <a href="/tags/mmt/" rel="tag">#MMT</a> <a href="/tags/postkeynesianecon/" rel="tag">#PostKeynesianEcon</a></p>