Hey kids, here is a new cartoon for you, straight from the mystical land of Smithville. In this episode, our hero, Ryan, starts to proclaim the truth about the Magical Money Tree: the government can spend as much money as it wants and it doesn't have to tax or borrow the money to get it. (Instead, it can just sell bonds directly to the reserve bank). So it is impossible for the government to default and there is no need to cut spending or for austerity measures.
Tune in once a month for more episodes.
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