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Hopping Mad with Will McLeod & Arliss BunnyAuthor: Will McLeod & Arliss Bunny
Progressive politics and economics. Will covers political issues from around the world and Arliss does the same for financial news and monetary policy with special emphasis on modern monetary theory. Each week they are joined by a special guest for the interview. Both Will and Arliss are fond of carrots. Language: en-us Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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8 Myths About Federal Debt
Saturday, 18 May, 2019
16 May 2019 – I promised you that in our next show I would get into the myths about Federal debt. This is that show. In addition, Will talks about why we should be going into space – for real. Some of the ideas sound crazy but I think there is enormous value in doing the work that takes us down those paths, regardless. There is so much possibility, why would we not get serious? At the top of the show we touch on the new agreement, between the UK and the Republic of Ireland, to establish a common travel area. Granted, this is a weak tea solution but it’s not nothing.In case you want a quick list of the eight myths about Federal debt which I cover, here goes:Carrying debt is bad for the Federal governmentAnd the corollary, Federal surplus is good (this article provides perspective)The Federal government uses our taxes to “pay for” government spendingThere is a fiscal cliffPassing Federal debt on to future generations is badThe Federal government issues Treasury bonds (debt) to fund spendingFederal debt “crowds out” investors (Stephanie Kelton crushes Paul Krugman on this subject here.)When all else fails, gibberish explains why debt is bad (a special thank-you to JD Alt for this one!)We have been busy but we will keep trying to fit shows in as often as we can. Like carrots, there are so many topics and so little time! Cheers! – Arliss
