Why Donald Trump Can't & Shouldn't Balance The Budget
Dylan Lawrence Moore interviews Nima Mahdjour with EconomicsJunkie.com 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. Nima uses MMT to describe what's going on in the current economy. Sources for the discussion: 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/