Debunking Economics - the podcast cover image

Can governments spend their way out of a slowdown?

Debunking Economics - the podcast

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Government Spending and Economic Dynamics

This chapter examines the intricate relationship between government spending and financial crises, using the hypothetical Plonk currency to illustrate key concepts. It critiques modern economic theories while analyzing the impact of fiscal policies on inflation, private debt, and GDP growth. The discussion highlights the importance of balanced government expenditure and private sector borrowing, especially in the face of economic downturns.

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