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Debt is not a Reserve Asset

“Is public debt irrelevant because private savings cover it? Is debt an asset that creates savings and growth? Can we borrow as much as we want if we have a low borrowing cost? In this video, I dismantle some of the fallacies surrounding the perfect monetary storm in which it seems we are. ”

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In this video I’ve mentioned these articles:

Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment.


https://www.dlacalle.com/en/no-governments-with-monetary-sovereignty-cannot-issue-all-the-debt-they-want/

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Daniel Lacalle
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life in the Financial Markets, and The Energy World Is Flat.
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