L. Randall Wray

Comments and responses on the Modern Money Primer Part 22.

Since government deficits create an equivalent amount of nongovernment savings, it is impossible for the government to face an insufficient supply of savings.

Comments and responses on the Modern Money Primer Part 21.

It is best to think of the net saving of the nongovernment sector as a consequence of the government’s deficit spending—which creates income and savings.

Comments and responses on the Modern Money Primer Part 20.

There are often two objections to the claim that government spending effectively takes place by simultaneously crediting the recipient’s bank account as well as the bank’s reserves.

Comments and responses on the Modern Money Primer Part 19.

Let us now begin to examine in more detail the government’s budget and impacts on the nongovernment sector.

Comments and responses on the Modern Money Primer Part 18.

Our next topic: government spending, taxing, interest rate setting, and bond issue. We will examine fiscal and monetary policy formation by a government that issues its own currency.