The Government Deficit = Private Sector Saving
Warren Mosler discussing the relationship between the government budget deficit and the private sector savings. They're equal. Net financial assets in the non-government sector only increase when the government deficit spends. Central Bank operations (like quantitative easing) only shift assets from one form to another. See the whole video here: • Fiscal Sustainability Conference 2010 (Par... Like Deficit Owls on Facebook: / deficitowls

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