Real Progress In Action | Debt and Domination of the Global South @RealProgressInAction | Uploaded August 2023 | Updated October 2024, 23 hours ago.
Check out what one of our volunteers said during Tuesday's Macro 'n Chill. Will we see you there next week?

#GlobalSouth #Imperialism #Debt

Link to full episode: realprogressives.org/podcast_episode/episode-235-imperialism-and-the-global-souths-debt-with-ndongo-samba-sylla

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What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.

Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!

To learn more about Modern Monetary Theory, check out our podcasts!
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