Debunking deficit myths (with Stephanie Kelton)
Pitchfork Economics with Nick Hanauer
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Federal Deficits Are Good for the Economy
"The word deficit itself is problematic," he says. "If the government has spent a hundred in and only subtracted away 90, somebody's got 10." But at the end of the day, every deficit is good for someone because it is somebody else's surplus,. He adds: "Their red ink is our black ink".
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