Author Topic: Government Day-to-Day  (Read 14000 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #240 on: March 11, 2020, 11:20:43 am »
If you think governments should never run deficits, you have a tenuous grasp on macro economics (to say the least).

Do you have a reading comprehension problem? My problem is borrowing with no intention of ever paying it back and depending on growth and inflation to make it sustainable. We have been borrowing for the last four years while the economy was expanding and now we will have to borrow a hell of a lot more as the economy retracts. The debt to GDP types are about to get a waker upper.

Keynesian economics say you save while times are good so you can afford to borrow when they are bad. The debt to GDP types say, screw that, let's just borrow all the time and the future will look after itself. Insha Alla.
"Never trust a man without a single redeeming vice" WSC
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