Uploaded November 2020 | Updated September 2026, 1 week ago
Surpluses are often touted as a government’s finest economic achievement, an ironclad demonstration of superior economic management. But what is so good about a surplus? A government surplus isn’t necessarily a good thing, and it isn’t necessarily a bad thing. Anyone saying that we should always want a surplus either doesn’t understand, or is trying to trick you. What you can be sure of is that a government surplus means less money in the hands of people and businesses than if it ran a deficit
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Sources:
https://www.rba.gov.au/chart-pack/government.html
youtube.com/watch?v=WS9nP-BKa3M
Presidential Lecture Series at Stony Brook University, delivered by Prof Stephanie Kelton.
Australian Federal Government Deficits 1901-2014
https://www.abc.net.au/news/2015-03-18/deficit/6329644
Data on US depressions from The Deficit Myth by Stephanie Kelton
Credits:
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, Charlie, icon king1, Raj Dev, fengquan li, Free Preloaders, Gayrat Muminov from www.freeicons.ioUnicorn by Yeong Rong Kim, Magician by P Thanga Vignesh,Trick or Treat by myiconfinder, Confuse by evi1000 and Bill by Jordan Alfarishy from the Noun Project
All other graphics created by Jackson Winter
Music
U In My Arms by Jeremy Blake
1940's Slow Dance (Sting) by Doug Maxwell, Media Right Productions
Surpluses are often touted as a government’s finest economic achievement, an ironclad demonstration of superior economic management. But what is so good about a surplus? A government surplus isn’t necessarily a good thing, and it isn’t necessarily a bad thing. Anyone saying that we should always want a surplus either doesn’t understand, or is trying to trick you. What you can be sure of is that a government surplus means less money in the hands of people and businesses than if it ran a deficit
Come discuss this with us on
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Support us on Patreon patreon.com/PEGSInstitute
Sources:
https://www.rba.gov.au/chart-pack/government.html
youtube.com/watch?v=WS9nP-BKa3M
Presidential Lecture Series at Stony Brook University, delivered by Prof Stephanie Kelton.
Australian Federal Government Deficits 1901-2014
https://www.abc.net.au/news/2015-03-18/deficit/6329644
Data on US depressions from The Deficit Myth by Stephanie Kelton
Credits:
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, Charlie, icon king1, Raj Dev, fengquan li, Free Preloaders, Gayrat Muminov from www.freeicons.ioUnicorn by Yeong Rong Kim, Magician by P Thanga Vignesh,Trick or Treat by myiconfinder, Confuse by evi1000 and Bill by Jordan Alfarishy from the Noun Project
All other graphics created by Jackson Winter
Music
U In My Arms by Jeremy Blake
1940's Slow Dance (Sting) by Doug Maxwell, Media Right Productions
