Politicians who express concern about the national debt or balancing the budget often rely on analogies of
Fantastic news! We've Found the answer you've been seeking!
Question:
Politicians who express concern about the national debt or balancing the budget often rely on analogies of personal or household finances. According to Wray, Kelton, Molser, etc., these analogies makes no sense at all when discussing the finances of a sovereign (currency issuing) government. What is wrong with these kinds of analogies? How and why are the finances of a sovereign completely different from a household or business?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: