{"id":43320,"date":"2018-10-14T17:43:21","date_gmt":"2018-10-14T16:43:21","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=43320"},"modified":"2018-10-14T17:43:21","modified_gmt":"2018-10-14T16:43:21","slug":"why-government-borrowing-is-not-like-private-borrowing","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/10\/14\/why-government-borrowing-is-not-like-private-borrowing\/","title":{"rendered":"Why government borrowing is not like private borrowing"},"content":{"rendered":"<p>A remarkably\u00a0short thread from <a href=\"https:\/\/twitter.com\/StephanieKelton\/status\/1041042774278189056\" target=\"_blank\" rel=\"noopener\">Stephanie Kelton<\/a>:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/10\/14\/why-government-borrowing-is-not-like-private-borrowing\/screen-shot-2018-10-14-at-17-40-21\/\" rel=\"attachment wp-att-43321\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-43321\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21-517x1024.png\" alt=\"\" width=\"517\" height=\"1024\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21-517x1024.png 517w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21-151x300.png 151w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21-768x1522.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21-202x400.png 202w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/10\/Screen-Shot-2018-10-14-at-17.40.21.png 1230w\" sizes=\"auto, (max-width: 517px) 100vw, 517px\" \/><\/a><\/p>\n<p>The simple fact is that no one but a government can behave as it does.<\/p>\n<p>Government debt is actually national savings.<\/p>\n<p>In my opinion, it's not debt at all. Maybe it's time we renamed it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A remarkably\u00a0short thread from Stephanie Kelton: The simple fact is that no one but a government can behave as it does. Government debt is actually<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/10\/14\/why-government-borrowing-is-not-like-private-borrowing\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-43320","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=43320"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43320\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=43320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=43320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=43320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}