More on how money is created
Debunking Economics - the podcast
00:00
The Interplay of Financial Liabilities and Non-Financial Assets
This chapter explores the intricacies of negative equity in government financing, particularly regarding the development of non-financial assets like infrastructure. It argues that while government deficits can facilitate private investment in major projects, an emphasis on reducing financial liabilities could stifle economic growth and essential asset creation.
Transcript
Play full episode
