Can governments afford the debts they are piling up to stabilise economies? Stephanie Kelton and Edward Chancellor

Summary:
Stephanie Kelton says no problem for countries that issue their own currencies, set their own rate, and don't take on obligations not in their currency. Edward Chancellor says no, because "inflation." Interestingly, he argues from history and makes no distinctions, treating all situations as homogenous regard of monetary regime and attendant circumstances. Fail.Financial TimesCan governments afford the debts they are piling up to stabilise economies? Stephanie Kelton and Edward ChancellorSee alsoIndependentAustraliaGovernment money must go into economy to benefit all — not just business Geoff Davies

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