Modern Capital Misallocation: Allen Farrington (Bitcoin Talk on THE Bitcoin Podcast)
THE Bitcoin Podcast
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Government Borrowing, Money Printing, and Economic Understanding
The chapter explores the confusion surrounding government money printing and borrowing, particularly in the context of Modern Monetary Theory. It delves into the debate on why the government borrows when it has the ability to print money, critiquing the idea of deficits equating to private sector surplus and highlighting failures of central planning.
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