borrow to deficit spend, the government then goes ahead and borrows large sums while deficit spending (and this is reported by the media) -- so anyone who says otherwise is, in their eyes, something of a crackpot. A poster on Warren Mosler's blog raised something to this effect. I think that the idea of the existence of fiat is something that many people have trouble getting their heads around, unfortunately. Yes, I know the point. I have been dealing with it all my professional life. People have been relentlessly conditioned to believe a national government issuing its own currency is identical to a household who uses that currency. It is obviously a nonsensical equation but we still believe it (as a society). I just plug away as an educator and slowly but surely we will separate the ideology (which is reinforcing this nonsense) from the reality. It seems you have personally made a bit of a journey since coming into contact with these ideas. One by one has always been my approach. Every new person who understands it becomes another teacher. At a rate of one by one you will never win the fight against these neo-conservative clowns. From the time they begin primary school they are being sold the lies and it is simply too late. Most of us here never believed in the neo-conservative lies and your work has simply formalised what many of us suspected. Unfortunately there is not a Che Guevera amoung us to really take