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Tag: national debt

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Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness

March 10, 2018March 10, 2018 Underground

A good listen where you learn: The expected effects of the new tax policy The reason why governments issue bonds instead of just printing money Why the size of the budget deficit … Continue reading Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness

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What if every government paid off its national debt?

January 26, 2018January 26, 2018 Underground

IT might make you feel better but tomorrow if the US Federal Government, or Australia or the UK repaid the entirety of its national debt, it would make not one dollar’s difference … Continue reading What if every government paid off its national debt?

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Is Washington tacitly operating under a new monetary theory?

December 27, 2017 Underground

The recently passed federal tax cut seems perilous for the United States government and economy. But even as some financial commentators have for years predicted chaos in the U.S. financial system resulting … Continue reading Is Washington tacitly operating under a new monetary theory?

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Budget deficits can boost the economy without large costs

August 28, 2017 Underground

A new research paper suggests that government spending in a recession doesn’t cause long-term economic harm. Everything you thought you knew about budget deficits is wrong, according to a new paper presented at … Continue reading Budget deficits can boost the economy without large costs

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What if every government paid off its national debt?

What if every government paid off its national debt?

August 6, 2017August 6, 2017 Underground

IT might make you feel better but tomorrow if the US Federal Government, or Australia or the UK repaid the entirety of its national debt, it would make not one dollar’s difference to your bank account. In fact the economy would tank. “If America repaid all its national debt tomorrow, we very … Continue reading What if every government paid off its national debt?

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Why Democrats need to stop concern-trolling Trump about the deficit

April 28, 2017 Charles

There are so many things to bash his tax plan for — and you choose the national debt? The Democrats play right into the hands of the Republicans by worrying about the … Continue reading Why Democrats need to stop concern-trolling Trump about the deficit

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