Why We Need a National Deficit & Why Austerity is Killing Greece

Dylan and I discuss why modern nations need national decifits through the lens of Modern Monetary Theory (MMT), and what function it performs in society.

I break down specific examples in history, explaining how hyperinflation in nations is always always due to political factors, not economic ones. I analyze the Weimar Republic, Zimbabwe, Venezuela, and Greece.

We also discuss the political-economic situation of the Eurozone, and some of the reasons why the euro has been such a disaster. Specifically, we look at why the euro has crippled economies like Greece and bolstered economies like Germany.

Source: