The Deficit Myth: The Biggest Lie In Politics

The truth about inflation, money printing, taxes, fiat currency, and "the national debt." Debunking lies about what causes inflation and common misconceptions about government spending and "taxpayer money." Does the national debt actually matter? Do budget deficits matter? Can governments ever run out of money? Can governments print money forever? Does printing money lead to hyperinflation? What causes inflation? What is the point of Taxes? Do we really need taxes? How did the government pay for all of it's big spending stimulus packages? In this video, we use Modern Monetary Theory and real world facts to debunk deficit hawks and pro-austerity taking points.

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