Uploaded August 2016 | Updated September 2026, 3 weeks ago

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Professor Stephanie Kelton (UMKC and economic advisor to Bernie Sanders) on how the national debt actually works. When the US government goes into "debt," it actually just sells bonds to savers. A bond is effectively a savings account: you put in money then you get it back later with interest. So, buying bonds essentially moves your money into a savings account, and the whole national debt is just a collection of savings account operated by the government.

See the whole video here: youtube.com/watch?v=1quunEJz3RY&index=3&list=PLKvPLZsgEcXSbdqMUTc-4usIO-9f0xBlc

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