Warren Mosler speaks at PK conference, Part IV

[WilhelmDrake]

Almost all of the technological innovations of the last century have come out of the state sector. Aviation, aerospace, computers, biotech, etc. the public pays the development costs and when something useful emerges it is handed over for private profit. Socialize the cost, privatize the profits.

[WilhelmDrake]

If you use the money to produce more goods & services, inflation won't be a problem