The MMT Podcast with Patricia Pino & Christian Reilly cover image

#3 Why we can always afford a war

The MMT Podcast with Patricia Pino & Christian Reilly

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Understanding Government Spending, Borrowing, and Bonds in the Economy

Exploring the misleading nature of labeling government spending as borrowing, the chapter explains how the government, as the currency issuer, cannot default on payments. It also highlights the role of issuing bonds in controlling interest rates rather than funding budget gaps.

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