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To: dvdw© who wrote (87606)3/3/2012 3:54:35 AM
From: elmatador  Respond to of 217830
 
"MMT treats money as a claim on wealth, a product of trade." The opposite of debt is credit.

As I keep saying: a country needs to export to be able to pay for its imports.

If imports and issues debt, say to China, China has a claim in the US wealth, land, labor, technology...