I explain why balanced budgets are usually not a good idea in a fiat money system.

Libertarians & many people in Congress tend to view government budgets like household budgets, which is fundamentally flawed and results in some pretty bad recommendations.

Here are the sources as promised:

http://www.zerohedge.com/news/2017-01-05/rand-paul-goes-republican-party-over-new-budget-resolution

https://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/

https://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/