But they won’t be addressed.
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So if recovery takes a few decades just keep digging?
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We must never recover. Just remember the excise tax on tires is to pay for WWII. Wonder how that will turn out!
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The problem is “full recovery” is in the eye of the beholder.
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Since net fin.saving=zero over any period, gov. deficits must add to private saving over any period-leaving overall saving (&investment) unchanged.Thus crowd-out is false. Important because crowd-out is a key reason why you presume deficits are negative. Please consider. Thx.
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