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Surpluses are often touted as a government’s finest economic achievement, an ironclad demonstration of superior economic management. But what is so good about a surplus? A government surplus isn’t necessarily a good thing, and it isn’t necessarily a bad thing. Anyone saying that we should always want a surplus either doesn’t understand, or is trying to trick you. What you can be sure of is that a government surplus means less money in the hands of people and businesses than if it ran a deficit Come discuss this with us on Twitter / pegsinstitute Instagram / pegsinstitute Facebook / pegsinstitute Watch on Odysee https://odysee.com/@PEGSInstitute:c Support us on Patreon / pegsinstitute Sources: https://www.rba.gov.au/chart-pack/gov... • Presidential Lecture Series: Stephanie Kelton Presidential Lecture Series at Stony Brook University, delivered by Prof Stephanie Kelton. Australian Federal Government Deficits 1901-2014 https://www.abc.net.au/news/2015-03-1... Data on US depressions from The Deficit Myth by Stephanie Kelton Credits: Written by Andrew Johnson and Jackson Winter Spoken by Andrew Johnson Edited by Jackson Winter Icons made by MD Badsha Meah, www.wishforge.games, Charlie, icon king1, Raj Dev, fengquan li, Free Preloaders, Gayrat Muminov from www.freeicons.ioUnicorn by Yeong Rong Kim, Magician by P Thanga Vignesh,Trick or Treat by myiconfinder, Confuse by evi1000 and Bill by Jordan Alfarishy from the Noun Project All other graphics created by Jackson Winter Music U In My Arms by Jeremy Blake 1940's Slow Dance (Sting) by Doug Maxwell, Media Right Productions