Browsing All posts tagged under »Deficits«

Debt and deficits matter as much in the present as the future

August 13, 2011

1

The Keynesian Paradigm states that, under conditions of lagging demand for goods, the state can run a budget deficit and borrow to create artificial temporary demand aimed at accelerating economic activity. This makes sense only under the confusion of public debt, which conceals half of the equation of a loan agreement. In reality, government borrowing […]