3min chapter

Free Thoughts cover image

The ABCs of Inflation

Free Thoughts

CHAPTER

Government Debt Doesn't Matter if It's Not Denominated Your Own Currency

Sbasley says debt doesn't matter if it's not denominated your own currency. And that governments need never worry about how they're going to pay for whatever it is theyre doing. But in a situation like we are to day, where arguably we're quite close to full employment, if not there,. Indeed, we have more job vacancies than a people out of work right now - which is quite unusual by the way.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode