How the private sector finances its deficits

YouTube has the video #02: How the private sector finances its deficits.

Many people worry about government deficit spending and the debt. They shouldn’t, or at least not for the reasons they think. Rather than jumping straight to that, I thought I’d first point out that this is not the exclusive domain of the public sector. The private sector, too, creates its own money

This gives away the surprise of the video
If you are watching these videos, you are learning Modern Money Theory the easy way.

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