Host: Bob Baker

Discussion Leader: Henry Cavanna

Outline For Discussion on April 15 about Federal Debt and Deficits. Do They Matter?

I. Background of the US Budget 

II. History of National Debt and Budget Deficits 

III. Modern Monetary Theory and the Impact of Debt and Deficits

Readings:

https://www.econlib.org/library/Columns/y2021/SumnermodernmonetarytheoryPartI.html

https://www.econlib.org/library/Columns/y2021/SumnermodernmonetarytheoryPartII.html

https://www.taxpolicycenter.org/briefing-book/how-does-federal-government-spend-its-money

https://www.nytimes.com/2021/03/25/opinion/biden-us-economy.html?referringSource=articleShare

Federal Spending Charts