Season 1 · Episode 101
Why government debt isn't a problem
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
May 23, 201828m 19s
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Show Notes
Joh Madden sent us a message saying he wants to understand, in simple terms, why the interest payments on public debt are not a problem. He points out how it is used to justify austerity because it intuitively makes sense to waste less money on paying interest. He wants to know why this interest is not a problem, and what if the money which the public owes keeps rising?
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