Government Spending Creates Money for the Public Sector

When the government runs a deficit, we have more money. We have less than ages to borrow from the banks because the government's created money for us without a liability attach. So you basically are telling us that government spending does not crowd out the private sector. It actually adds money. The opposite. It creates money for the public. It's for the private sector and it's public and private. This is just incredible.

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