Bob Responds to Randall Wray on Sectoral Balances
After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector doesn't need government deficits to save, invest, and accumulate real wealth.
Related:
Is Paying Down Government Debt Bad for the Economy?: Mises.org/HAP545a
Bob's Article, "Does History Show Government Debt Paydown Causes a Crash?": Mises.org/HAP545b
The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.