Link to video:
With deficits and debts off the charts and with little to no signs of slowing, coupled with the increasing mentions of Modern Monetary Theory (MMT), we thought it prudent to put together a Kapital Economics presentation that highlights the growing deficits and debts. This is Part I of a to be determined numbered series where we discuss in greater detail the causes and effects of deficits and debts. The numbers are black and white, but their causes and effects will prove to be rather nuanced. Part I showcases the levels of debt and how it relates to GDP and its year-over-year percentage changes. #Economy #Debt #Deficit