Episode Details

After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector doesn't need government deficits to save, invest, and accumulate real wealth.

Related:

• Is Paying Down Government Debt Bad for the Economy?: Mises.org/HAP545a
• Bob's Article, "Does History Show Government Debt Paydown Causes a Crash?": Mises.org/HAP545b

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