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The table you are looking at is a GDP expenditure measure. But this ignores the fact that services are involved in the costs of goods purchased, and that goods are involved in the cost of services purchased. For example, if you buy a cake in a supermarket, the price reflects not just the food manufacturing industry, but also agriculture, transportation, ...


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There are some semantic issues here. A more careful statement of the MMT position is that there is no economic reason for the Treasury to issue bonds. However, there is a self-imposed institutional need to do so: the Treasury has a balance at the Federal Reserve, and the rules it follows appears to imply that the balance cannot go negative. Issuing a ...


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Economically speaking the taxes are equivalent. There should not be any difference in collected tax between them in principle. However, in practice these differ in terms of what administrative burden they impose on firms and more importantly how easy it is to avoid paying taxes under each system. This can ultimately have some effect on the revenue that is ...


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I agree with @BrianRomanchuk +1 answer which is written in the context of modern monetary theory (MMT), but an important thing to note here is that MMT is not widely accepted monetary theory in economics and in fact it has been criticized a lot by mainstream economists (See for example this paper, Krugman's blog, Cochrane's blog and so on). Since your ...


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I am going to answer what I think is the true question: “What are the effects of the US government mis-representing the amount of currency it prints?” (The actual wording uses imprecise terms that people mis-use.) The first thing to note is that the US Treasury Bureau of Engraving and Printing is in charge of printing banknotes in the United States (the Mint ...


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There’s no formal meaning, but it would be the perceived safest government bonds. The quote indicates thar US Treasury bonds are part of that core. The 10-year yield fell, which meant that price went up.


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I see a lot of research on Islamic banking, but I don't see a lot of studies that speculate on the question framed here. You might be interested in this study where the author claims: It would be better if Islamic banks had the opportunity to work as a sole system in an economy. That would provide Islamic banking system to fully utilize its potentials. ...


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The \$9,633.9 billion figure from the BEA is just the services consumed by private households in the US. Among the goods and services consumed by private households in the US, \$9,633.9 billion comes from services while \$4,364.8 comes from goods: in other words, around 69% comes from services. But that doesn't account for private investment, government ...


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