Thursday, November 21, 2019

Paul Mason - What Is The Deficit

Sadly, no MMT here.

Paul Mason - former economics editor for BBC Newsnight and Channel 4, outlines the difference between debt and deficit.


Unknown said...

There is, however, an "understanding deficit" taking place here!

Kaivey said...

Yes, he makes the for argument about how debt when used wisely is an investment which pays back. Most successful business had borrowed to get going.

Most people are scared of their governments going into debt, and the media use propaganda to reinforce it. But it can be a good investment. Hardly anyone can buy a house without debt.