If we could start from the position that when paying off your personal credit card bill you won't quantitively ease the value of the currency or borrow to discover North sea oil the discussion could move forward!
It took 10 pages plus for some conservative evangelists here to accept that post WWII we actually invested heavily to grow our way out of debt to at first reduce deficit and then run a surplus!
Austerity has observably been an economic death spiral with diminishing returns, those pushing it, after 7 years could do with facing reality!
It took 10 pages plus for some conservative evangelists here to accept that post WWII we actually invested heavily to grow our way out of debt to at first reduce deficit and then run a surplus!
Austerity has observably been an economic death spiral with diminishing returns, those pushing it, after 7 years could do with facing reality!