Australian economist Bill Mitchell on how, when sovereign governments borrow, it is a completely different operation from what borrowing means to you and me, as currency users. Governments don't *need* to do it, the wealthy *want* them to do it.

This audio comes from around the 1 hour, 14 minute, 30 second mark in his May 2019 "Train the Trainers" lecture, hosted by Gower Initiative.