Is MMT Real? #4: J.W. Mason
RABBITHOLE
00:00
Is There a Bond Market?
The national debt is the bond market. If you were to get rid of those treasury bonds you would create a real catastrophe for the private financial system that depends on those bonds for all sorts of things, says spargan. "I don't think there's any rational reason to be worried about them," he adds. The payments are quite low interest rates are well below growth rates and as long as interest rates stay below growth rates i don't see any particular reason that would ever change"
Transcript
Play full episode
