Tag Archives: Deficit Spending 101

What the Government Budget Constraint (GBC) means

This is the second blog in the series that I am writing to help explain why we should not fear deficits. In this blog we clear up some of the myths that surround the so-called “financing” of budget deficits. In … Continue reading

Posted in LayPerson | Tagged , | Leave a comment

Deficit spending 101 – Part 1

A lot of people E-mail and ask me to explain why we should not be worried about deficits and why they do not have to be financed by debt (even if the government does typically increase its debt when it … Continue reading

Posted in LayPerson | Tagged , | Leave a comment