I think he is talking about Modern Monetary Theory, where one of the conclusions they arrive, after studying how modern economies work, is that private sector d

I think he is talking about Modern Monetary Theory, where one of the conclusions they arrive, after studying how modern economies work, is that private sector debt grow when there is not enough government deficit. https://en.wikipedia.org/wiki/Sectoral_balances https://en.wikipedia.org/wiki/Sectoral_balances Another of the conclusions is that the national debt, for countries with a floating sovereign currency, is just a number without real meaning. https://www.nakedcapitalism.com/2014/08/taxation-government-spending-the-national-debt-and-mmt.html https://www.nakedcapitalism.com/2014/08/taxation-government-...