17 July 2020

Some essential reading. Government deficits aren't a problem. In fact, they're essential. The proviso is that you have your own fiat currency and central bank like the UK has. If governments have a surplus the rest of us - private sector - have a deficit. That's how it works. So it's necessary for governments to run a deficit and its not necessary to pay it off. Governments don't tax and spend they spend and tax.

Anyway, if you read one non-fiction book this year make it this!