Deficit delusions
Deficits have been common in U.S. history. Recent deficit has contributed much to economic recovery with little or no negative consequences
posted by mike norman at 3:05 PM
posted by mike norman at 3:05 PM
1 Comments:
What about inflation? If the money we create through debt is over and above the goods and services we produce, is the likely result inflation?
If someone holds 11 trillion dollars in debt does that not reduce the amount of funds available for someone else to borrow? Would this not cause the cost to rise?
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