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Macroeconomics: A picture demonstrating how every expense is income to someone else.

An introduction to macroeconomics: For laypeople

This entry is part 1 of 3 in the series What is macroeconomics?

Yes, it does get a bit technical, but it’s something anyone can understand when it’s explained with a minimum of technobabble. What is macroeconomics? Macroeconomics

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October 5, 2021 No Comments
This is an image of an Arkansas Treasury Warrant from 1862. It is being used to illustrate the concept of the Currency Issuer

US dollars and currency ISSUER vs USERS

This entry is part 2 of 3 in the series What is macroeconomics?

Before we talk about the currency issuer vs currency users, let’s first think about where currency comes from in the first place. Important idea #2:

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October 5, 2021 No Comments
The image shows the money supply, which is an aggregate of what the currency issuer spent into the economy and did not tax back out.

Can the currency issuer spend endlessly?

This entry is part 3 of 3 in the series What is macroeconomics?

No, the currency issuer can not spend endlessly I’ll use the USA again in the examples below. The US federal government (the currency issuer of

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October 6, 2021 No Comments
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