0:00
/
0:00

Paid episode

The full episode is only available to paid subscribers of Building a New Economics

Blowing the budget?

Why are economists worried about the big Beautiful Bill adding so much to the US deficit. Why do they think it will add to the cost of borrowing? Phil and Steve talk bond issuance.
1

Financial markets don’t like it when governments announce plans to spend more money. That’s why there’s concern over Donald Trump’s Big Beautiful Bill, which will add, by some accounts, $4 trillion to the US budget deficit over the next decade. Steve Keen says it’s not a problem. Banks buy up the bonds and the central bank ensures they have the liquidit…

Listen to this episode with a 7-day free trial

Subscribe to Building a New Economics to listen to this post and get 7 days of free access to the full post archives.