New Zealand
Q and A

Economist: Why Govt shouldn't worry about budget deficits

By 1News Reporters
August 11, 2024

Modern Monetary Theory encourages people to rethink taxes, spending, and public finances by reframing the conversation around money supply. (Source: 1News)

Modern Money Lab's Steven Hail says governments shouldn't fixate on delivering budget surpluses.

Modern monetary theory is an unorthodox economic model which reframes thinking around taxing, spending and public finances.

He's visiting New Zealand this week, and Q+A's Jack Tame asked Hail whether the macroeconomic theory should affect a government's approach to public finances.

Watch the full interview in the video above

Q+A with Jack Tame is made with the support of New Zealand On Air

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