Opinion Deficits Don T Matter The New York Times

New York Times Opinion The New York Times My column yesterday on the democrats’ strong record of reducing the deficit led to some criticism that’s worth sharing. the main point of the criticism: the democrats don’t deserve praise,. Because whether you’re a republican or a democrat, it’s hard to deny that the united states has piled up a lot of debt. and as this chart from the nonpartisan congressional budget office shows, the.

New York Times Opinion The New York Times One reader, nick estes of albuquerque, wrote to me, “i’m afraid that m.m.t. is right about the national debt. if deficits cause inflation, reduce them. otherwise, deficits are not a problem,.

Opinion Deficits Matter Again The New York Times Current official projections show that without action, deficits will remain above $1 trillion indefinitely. that puts the federal debt on track to reach $45 trillion in a decade. Citing the horrors of big deficits, republicans refused to raise the federal debt ceiling, threatening to create financial turmoil and blackmailing president barack obama into cutting spending on. In the depressed economy that prevailed for years after the financial crisis, government borrowing didn’t drive up interest rates, money creation by the fed didn’t cause inflation, and nations. With little fanfare, a dangerous notion has taken hold in progressive policy circles: that the amount of money borrowed by the federal government from americans to finance its mammoth deficits. The primary deficit is the budget deficit not counting interest payments, r is the interest rate on government debt, and g is the economy’s growth rate. Deficits don’t matter if the government borrows in its own currency, and also has a friendly central bank, a steady inflation rate and the confidence of the financial markets.
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