How (modern) money works

Does this make it clearer? As clearly seen, Government Deficit is still Non-Government Surplus
You don’t need to understand MMT to know that the budgets that need repairing in Australia are household budgets; that any financial ‘black hole’ relates to household finances; and that our financial system is fragile, our property market inflated, and our economy at risk because of the explosion in household debt. That this is not obvious to all is the result of an exercise in mass delusion.

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