Saturday, August 13, 2011

DailyMarkets.com - Why More Government Debt Will Not Help The Economy

DailyMarkets.com - Why More Government Debt Will Not Help The Economy

Why More Government Debt Will Not Help The Economy

Posted: 13 Aug 2011 10:15 AM PDT

This article spells out why further government spending through higher debt will not work. Here is a exerpt:

I do not agree at all with modern Keynesians who lacked the restraint of Keynes.  Deficits are supposed to be temporary not structural.  Loose monetary policy is supposed to be temporary, not lingering.
Many policies can "work" when governments have the capacity to take on more debt without harm.  We are past that point now.  Additional debt builds up a larger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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