BBI #149: Deficit Myth — 3 The National Debt (That Isn't)

If a government issues its economy's base money, and borrows by issuing instruments denominated in the corresponding money unit, what does it mean for that government to be in debt? This week, we discuss Chapter 3 of Stephanie Kelton's book "The Deficit Myth" entitled "The National Debt (That Isn't)." In what sense is the national debt actually a debt? Are "debt" and "borrowing" even the right concepts to describe the money and securities that the government issues?

Previous related Boston Basic Income topics have included:

BBI #20: National Debt

BBI #117: Sovereign Money

BBI #131: Fiscal vs Monetary Policy

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