debt doesn't crowd out, spending crowds out...
Taking steel and plastic and building drones and tanks and such removes these from use as consumption goods. Buying health care for folks at inflated health professional prices crowds out spending on...
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If Samuelson is so concerned about future financial crises, maybe he should get on board with extensive regulation of the FIRE industries in an effort to prevent such crises before they happen. I've...
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[i]These projections were about as wrong as they could possibly be. We would have done every bit as well finding a drunk person on the street and asking him for his economic forecasts for the next five...
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"If we have more debt in circulation, this means that people have more government bonds as a store of wealth. In other words, because we had deficit spending to support the economy today, people will...
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Whoa, I barely understood the blog post, and the comments... Guys, try to at least use line breaks & coalesce thoughts as they pour out. Remember, there are some of us actually reading what you...
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