Tuesday, 18 June 2013

Canadian prime minister explains debts and deficits to UK politicians..:-)

For his remarks about debt and deficits, see the paragraph starting “So, friends, knowing these things…”.
He is nearer the Rogoff / Reinhart / IMF view of things than the Modern Monetary Theory view, I’d say.

1 comment:

  1. Harper believes that surpluses are a thing of virtue and deficits are always evil. He really doesn't understand how fiat currency operates. Not an MMT man at all.


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