The standard line is that governments* are always short of money and must balance their budgets. But what if that's not true? It changes everything if government money is not the contraint we're told it is. In this episode, Stephen Williams describes a way of thinking about economics that should revolutionise our approach.
* Federal governments of monetary sovereign countries.
Stephen Williams and Rod Taylor are editors of Sustainability and the New Economics.
To learn more about MMT, we highly recommend the Modern Money Lab and Stephanie Kelton's film, Finding the Money.
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