© Lloyd

National Debt = Public Assets

This is discussed in the previous thread on Hamiltonian Credit Economics. But I think it needs to be explained more clearly. I won't be doing that here right away, but this is a reminder of the need and a suggestion where to look for the best explanations, i.e. from Michael Hudson, or MMT, or LaRouchePub.com.

MMT also says the national debt is not a problem now or in the future, since govt debt is assets for the non-govt sectors. Economist Michael Hudson pointed out that the economy did poorly under Clinton, when the national debt was greatly reduced, and that Germany's hyperinflation period was not due to internal problems of printing money, but to external regulation of Germany's economy.