A Thought Experiment On Budget Surpluses


by Steve Keen

A Thought Experiment On Budget Surpluses

…..So in answer to David Cameron’s question from 2013, “Do you think it’s right to have a surplus?”, my answer is “No, I don’t”—because unlike Dave, I understand that running a government surplus destroys money. The conventional belief that governments should run surpluses is not “sound finance”, but an unsound failure to understand capitalism.


About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
Rubriigid: English. Salvesta püsiviide oma järjehoidjasse.

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