Do Deficits Matter? (MMT Explained)
The Rhodes Center Podcast with Mark Blyth
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Is the Deficit the New Normal?
The deficit, the counterpart to the government deficit, is a financial surplus on the other side of the ledger. Why is it do you think that we only have a talk about the deficit side? We never talk about the correspondence surplus,. Because a key point of m and t, stop flow consistent modelling, to use technical jargan, right? You can't just look at the deficit. So in that world, then, rather than the deficits bein this terrible source of weakness, then become a strength.
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