The City of the Deficit

In the City of the Deficit, the currency is sovereign. The citizens understand that the red ink of the state is the black ink of the people. They reject the austerity of the neighboring towns.

The markets are regulated by the flow of employment, and the banks are mere agents of the treasury. It is a city where money is not a commodity, but a tool.

"The limit," the economist shouts, "is real resources, not numbers."