Bob Responds to Randall Wray on Sectoral Balances

After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector doesn't need government deficits to save, invest, and accumulate real wealth.

Is Paying Down Government Debt Bad for the Economy?: Mises.org/HAP545a
Bob's Article, "Does History Show Government Debt Paydown Causes a Crash?": Mises.org/HAP545b

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Bob Responds to Randall Wray on Sectoral Balances

About this Episode

Hosts & Guests

More from Mises Media

"Classical" Liberalism and Libertarianism

Current Government Printing Is Going to Collapse The Economy

Jesus and the Christian Socialist’s Problem of Evil

Assisted Suicide Is the Logical Outcome of Government-Controlled Medical Care