303 – Savings, Debt & Modern Monetary Theory with Hilliard MacBeth
Episode description
We have record unemployment and millions of Canadians are relying on CERB payments to make ends meet, and yet our savings rate is increasing. How is that possible? On today's podcast, our guest is author and financial analyst, Hilliard MacBeth, who provides insight on how the savings rate is calculated, and whether increased savings mean Canadians are curbing their appetite for debt. We also discuss what to expect with the real estate market and deflation, and we talk about Modern Monetary Theory and whether we should really worry about national deficits. There's lots to learn from this episode, so tune in!
Related Links:
How Banks and Faulty Economics Contribute to the Consumer Debt Binge: https://www.youtube.com/watch?v=0d7CLXsk7N0
Hilliard MacBeth's book, When The Bubble Bursts: https://amzn.to/2YMigRT
Hilliard's Client Notes - The Return of the Saver: https://web.richardsongmp.com/MacBeth.MacLeod/blog/1724032-The-return-of-the-saver
Hilliard MacBeth on Twitter: https://twitter.com/hmacbe
Statistics Canada Savings Rate: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610011201
Stephanie Kelton's book, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: https://amzn.to/2UX6BOY
CERB Claims Report: https://www.canada.ca/en/services/benefits/ei/claims-report.html