000			01612nab a2200253 c 4500
999			_c142993 _d142993
003			ES-MaIEF
005			20201014183720.0
007			ta
008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_948841 _aDouglas, James W.
245			_aWho is afraid of the big bad debt? _ba modern money theory perspective on Federal deficits and debt _c James W. Douglas, Ringa Raudla
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aThe U.S. federal government's deficit is expected to grow to over one trillion dollars in fiscal year (FY) 2020, and the national debt held by the public will likely grow to over $16.7 trillion. Budgeting scholars in the field of public administration have expressed concern over the increasing debt levels. The field of public administration, however, is largely unaware of Modern Money Theory (MMT) and the mechanics of money, which is its focus. MMT argues that understanding the mechanics of money in the U.S. financial system should lead scholars to different conclusions regarding the debt and deficit. This article presents the core arguments of the MMT perspective in this regard, with the goal to trigger further debates about debt and deficit among the community of budgeting scholars.
650		4	_942647 _aDEUDA PUBLICA
650		4	_941783 _aDEFICIT PUBLICO
650		4	_948552 _aTEORIA ECONOMICA
700	1		_957910 _aRaudla, Ringa
773	0		_9163536 _oOP 1716/2020/3 _tPublic Budgeting and Finance _w(IEF)90019 _x 0275-1100 _gv. 40, n. 3, Fall 2020, 6-25
942			_cART