My friend Dylan from the Volitional Science Network interviews me to discuss Modern Money Theory and why it is so dangerous to "balance the federal budget".
It is typical for conservative administrations to attempt to practice "sound economics" by balancing the budget. However, the rules for economy function differently with the federal government than they do for the rest of us. I use MMT to describe what's going on in the current economy.
Sources for video:
17:35 - How Government Budget Surpluses Can Cause Economic Depressions
http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/
21:00 - Trump’s Tax & Deficit Stance Might Be Spot On
https://beinglibertarian.com/trumps-tax-deficit-stance-spot/
Empiricism Shatters the Barter Theory of Money:
http://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/
