Deficit Owls | The Government Deficit = Private Sector Saving @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 5 hours ago.
Warren Mosler discussing the relationship between the government budget deficit and the private sector savings. They're equal. Net financial assets in the non-government sector only increase when the government deficit spends. Central Bank operations (like quantitative easing) only shift assets from one form to another.
See the whole video here: youtube.com/watch?v=t9xjxLm4Zvk&index=5&list=PLKvPLZsgEcXSbdqMUTc-4usIO-9f0xBlc
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Warren Mosler discussing the relationship between the government budget deficit and the private sector savings. They're equal. Net financial assets in the non-government sector only increase when the government deficit spends. Central Bank operations (like quantitative easing) only shift assets from one form to another.
See the whole video here: youtube.com/watch?v=t9xjxLm4Zvk&index=5&list=PLKvPLZsgEcXSbdqMUTc-4usIO-9f0xBlc
Like Deficit Owls on Facebook: facebook.com/DeficitOwls