#MAGA is controlled by #Billionaires who convince them #Socialism / #Communism threatens them when they don’t even know the difference between #Friedman or #Keynesian #Economics. (Da 'Pencil' aint working out for Friedman under #Trump tariffs, I reckon.) #GOP #Evangelical #Pastors cry, #Abortion!

Investment does not have to wait for prior saving. Credit creation finances investment, and the resulting expenditure generates income from which saving subsequently emerges. This reverses the causality embedded in Slok's #apolloglobal framework. And there is a very #Keynesian irony here: