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
8.
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
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
A 15 Minute Introduction to Modern Monetary Theory for Schools.
0 件のコメント:
コメントを投稿