Why Donald Trump Can't & Shouldn't Balance the Budget

in #economics4 years ago (edited)

My friend Dylan from the Volitional Science Network interviews me to discuss Modern Money Theory and why it is so dangerous to "balance the federal budget".

It is typical for conservative administrations to attempt to practice "sound economics" by balancing the budget. However, the rules for economy function differently with the federal government than they do for the rest of us. I use MMT to describe what's going on in the current economy.

Sources for video:
17:35 - How Government Budget Surpluses Can Cause Economic Depressions

21:00 - Trump’s Tax & Deficit Stance Might Be Spot On

Empiricism Shatters the Barter Theory of Money:

▶️ DTube