BBI #149: Deficit Myth — 3 The National Debt (That Isn't)

If a government issues its economy's base money, and borrows by issuing instruments denominated in the corresponding money unit, what does it mean for that government to be in debt? This week, we discuss Chapter 3 of Stephanie Kelton's book "The Deficit Myth" entitled "The National Debt (That Isn't)." In what sense is the national debt actually a debt? Are "debt" and "borrowing" even the right concepts to describe the money and securities that the government issues?

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

Previous related Boston Basic Income topics have included:

BBI #20: National Debt
https://youtu.be/7_tG_QBfR54

BBI #117: Sovereign Money
https://anchor.fm/bostonbasicincome/episodes/117--Sovereign-Money-ej3tf6

BBI #131: Fiscal vs Monetary Policy
https://anchor.fm/bostonbasicincome/episodes/131--Fiscal-vs-Monetary-Policy-enn0kq

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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

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