Despite a so-called shutdown in October, from October 1 to December 10, 2025, the US government self-reportedly spent 1546 billion dollars while taking in 1032 billion dollars, added a net of 715 billion dollars to debt, resulting in a total of 38180 billion in debt.
Given that M2 is around 22304 billion dollars and that less than 2500 billion dollars in bank notes exist, isn't it literally impossible to pay off the debt with dollars, as modern monetary theorists suggest? This may be a point on which both MMT and Austrian theory agree, but with very different policy suggestions.
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Governments that care about toxic emissions and fuel efficiency should start with standards for the vehicles they buy, namely aircraft, warships, tanks, etc., before forcing standards upon the public's vehicle manufacturers. They may find that emissions and fuel efficiency, while important, are not the most important attributes of vehicles.
What do you get when a group of non-interventionists and interventionists compromise? Intervention.