#13 Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
The MMT Podcast with Patricia Pino & Christian Reilly
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The Paradox of Government Surpluses and Economic Stability
This chapter examines how government budget surpluses can inadvertently lead to increased private sector debt and economic fragility. It highlights historical patterns in the U.S. economy and argues for the importance of government deficits in promoting sustainable growth.
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