MMP Blog #38 Responses Leave a Comment / * New Economic Perspectives, MMT Primer / By L. Randall Wray Comments and responses on the Modern Money Primer Part 38.
MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving Leave a Comment / * New Economic Perspectives, MMT Primer / By L. Randall Wray 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.