BBI #147: Deficit Myth — 1 Don't Think of a Household

What does it mean for the government to balance its budget? To what extent is it a mistake to assume that the finances of a government work similarly to the finances of a household or an individual? This week, we dive into the first chapter of Stephanie Kelton's "The Deficit Myth." In this chapter, Kelton argues that thinking of the government as a household is holding us back from allowing the economy to reach its full potential.

What is the difference between a currency issuer and a currency user? What are the real constraints on the government, if not tax revenue? Where does basic income fit in?

https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy/dp/1541736192/

Previous related Boston Basic Income topics have included:

BBI #123: Money From Nothing
https://anchor.fm/bostonbasicincome/episodes/123--Money-From-Nothing-el3tpu

BBI #137: Modern Money
https://anchor.fm/bostonbasicincome/episodes/137--Modern-Money-eqdgc4

BBI #141: Functional Money
https://youtu.be/TiCQ5H4LBg0

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The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form in the following days:
https://anchor.fm/bostonbasicincome

Image by Gregor Cresnar on The Noun Project
(https://thenounproject.com/term/household/630071/)