Guns and Butter

Guns and Butter – April 18, 2012

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“Modern Money Theory Explained” with Stephanie Kelton. Myths about taxation and government revenues in a sovereign currency situation; debts and deficits; full social security and price stability; the use of sectoral balances to analyze the financial position of the different sectors of the macro economy; the three sectors of the macro economy; the two rules governing the three sectors; the financial balance model.