"The financial solvency of governments" Part II

I made a basic blogging error in my last post.

This line:

"As soon as you hear this phrase, you know that this person does not understand the money creation process."

should have looked like this:

"As soon as you hear this phrase, you know that this person does not understand the money creation process."

Then I should have stated that we have highly respected conservative economists that clearly do not understand the money creation process. And Harvard University professors who link (approvingly? It seems like it) to people who's major criticisms of Paul Krugman are based on a profound misunderstanding of the money creation process.