The big myth of government deficits | Stephanie Kelton
TED Business
00:00
Is There No Such Thing as Public Money?
Congress never has to check the balance in its bank account to figure out whether it can afford to spend more. As the issuer of the currency, the federal government can never run out of money. So why are we hearing so much about the need to raise taxes to pay for infa structure and make other investments? In a word, ficits.
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