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Money & Public Purpose: Government is Not a Household

his second entry in the Money & Public Purpose series features Stephanie Kelton and Randy Wray debunking widely held misperceptions on the relationship of governments to the economy (for instance, that running surpluses is a good id...
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Why the Government Must Keep Running Deficits. Forever.

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Yves here. This post is certain to annoy some readers. Note that Kelton does not address under what circumstances it is desirable to have the government run a surplus versus a deficit, merely what the implications are. Bill MItchell...

Forthcoming Event for September 16, 2014: The Economy: Does More Government Help or Hurt? | Kansas City Public Library: Live from the Roasterie

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