NAMs出版プロジェクト: Steven Hail Debt and deficit 負債と赤字

Debt and deficit

Government deficit = non-government

surplus.

It is not deficits which are unsustainable - it

is surpluses.

Government debt = 'net money supply = not

a burden on future generations

Governments with their own currencies,

floating exchange rates and no foreign

currency debt can never run out of money.

• The constraint is inflation – never a lack of

money.

University of Adelaide

Debt and deficit

・Government deficit = non-government surplus.

・It is not deficits which are unsustainable - it is surpluses.

・Government debt = 'net money supply' = not a burden on future generations

・Governments with their own currencies, floating exchange rates and no foreign currency debt can never run out of money.

• The constraint is inflation – never a lack of money.

University of Adelaide

負債と赤字

・政府赤字＝非政府黒字。
・持続不可能な赤字ではなく、余剰です。
・政府債務=「ネットマネー供給」=未来世代への負担ではない
・自国通貨、変動為替レート、外貨借金のない政府は、決してお金がなくなることはありません。
•制約はインフレです。決してお金の不足ではありません。

アデレード大学