May 23, 2018

101. Why government debt isn’t a problem (preview)

00:0000:00

Joh Madden sent us a message saying he wants to understand, in simple terms, why the interest payments on public debt are not a problem. He points out how it is used to justify austerity because it intuitively makes sense to waste less money on paying interest – he wants to know why this interest is not a problem, and what if the money which the public owes keeps rising?

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a patron at https://www.patreon.com/ProfSteveKeen

Facebook Comments:

More episodes

Load more