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Do Deficits Matter Anymore? | The Agenda

Balanced budgets is not a term you hear often during a pandemic. Governments worldwide of all political stripes have run massive deficits to deal with COVID-19. How concerned should we be about this ballooning debt? Or do deficits not matter anymore? And, is this a temporary change, or does it reflect a larger shift in thinking about deficits and debt? A panel, including Stephanie Kelton, author of "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy," debates the issue.