BBI #150: Deficit Myth — 4 Their Red Ink Is Our Black Ink
Details
This week, we discuss Chapter 4 of Stephanie Kelton's book "The Deficit Myth" entitled "Their Red Ink Is Our Black Ink." What can we learn by dividing the economy into a public sector and a non-public sector, and by examining the flows of money between them? To what extent do government deficits crowd out private investment? If the government wants to crowd out—or tamp down—private investment, what's the best way for them to do that? By selling Treasuries? Where do interest rates fit into the picture?
https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy/dp/1541736192/
Previous related Boston Basic Income topics have included:
BBI #49: Debt and Credit
https://youtu.be/iwSNkGTJYts
BBI #117: Sovereign Money
https://anchor.fm/bostonbasicincome/episodes/117--Sovereign-Money-ej3tf6
BBI #123: Money From Nothing
https://anchor.fm/bostonbasicincome/episodes/123--Money-From-Nothing-el3tpu
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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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