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Originally Posted by ilduclo
Deficits do matter. Should be used freely when the economy is sour, but only to increase demand (no tax cuts for the richies)
Read a little of that Mitchell screed. He’s a hack. Very, very wrong on what unemployment means..
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Respectfully disagree. Fiscal deficits in and of themselves don't matter, it's just a measure that the government sent more money out into the economy than it withdrew. If there is a shortage of jobs due to an inactive or underfunded private sector, it's entirely appropriate for the government to make up that gap. No one is calling the US govt up to pay back the fiscal 'debt'... They're the only institution which can make US dollars.