Nonsense from @StephanieKelton on @CNBC that spending drives economic growth. She has the cart before the horse. Economic growth drives spending. Growth comes from savings and production. You can’t buy what hasn’t been produced. Spending printed money just drives prices higher.

by Peter Schiff
Nonsense from @StephanieKelton on @CNBC that spending drives economic growth. She has the cart before the horse. Economic growth drives spending. Growth comes from savings and production. You can’t buy what hasn’t been produced. Spending printed money just drives prices higher.

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