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