1) "An undergraduate political science major at UCLA can tell the author of this article “your premise is built on flawed understandings of the modern monetary system”?" ~~~~ Umm, ya. Just because I don't have the credentials like a PhD doesn't mean I can't debate econ. I read probably more econ everyday than most econ students.

I LOVE how you keep taking shots at the fact that I am majoring at poli sci at UCLA. Funny stuff.

2) Your'e making SO many assumptions about me/my beliefs in that paragraph. Who say's I want public sector employment expansion to be leading the job recovery? I don't.

Most of the stuff you talk about in that comment are so badly flawed, that I dont know where to begin.

- "Growth of public sector debt" = That just means growth in private sector savings.
If you actually KNEW the formula for GDP you would know that if you line up accounting identities, you would get
(S – I) = (G – T) + (X – M) --This mean Private sector savings = Government deficit + foreign sector balance. That means if the government reduces its deficit, if its not coming from the foreign sector, then its coming from the private sector.

3) "What genius taught you a never ending money supply was a good thing? Did it work in Argentina? Did it work in Germany? How about Zimbabwe?"

If you knew your hyperinflation history and how reserves actually work (banks are never reserve constraint, so the increase in excess reserves are not inflationary at all), you would know why Argentina, Germany and Zimbabwe HAD hyperinflation.
A lot of these cases had to do with Foreign denominated debt. Which means they borrowed in currencies in which they had NO ability to issue. So If the US had big debt denominated in Euros, Yen, Yuan, I WOULD be worried for hyperinflation. But we DONT. Our "debt" is denominated in Dollars.

This is ALL explained here: http://pragcap.com/hyperinflation-its-more-than-just-a-monetary-phenome…

4) Again by definition, private sector net savings = public sector deficit. If you can't understand that, then I can't argue much else because that is a basic fundamental reality.
Also, the Gov does NOT borrow money from the public sector. They just issue it. Nobody "funds" the government besides a bunch of keystrokes managed by the Fed (directed by the Treasury).

How about you jot this down?
Yes, while growth comes from the private sector, that cannot come if the public sector does NOT provide the necessities (Net financial assets, which means deficits) to sustain that growth.
Your assumption that Individuals, corporations, municpalitie and Federal governments are the same are just baseless.
The Fed gov has the ability to issue money, thus it can never run out.
The previous three do not. That is essential to understand, and if you don't see that, there is not point in arguing because we'll just be going around in circles.

You should look up the works of Warren Mosler and the UMKC's econ department.