US budget deficit is necessary given big US trade deficit - or else private debt must boom unsoundly & faster until next debt-deflation bust. Private debt remains worst problem, so solve it with regulatory action against abuses by Fed & money-center banks! https://www.forbes.com/sites/stevekeen/2015/06/18/are-surpluses-normal/#1e708060507b …pic.twitter.com/18bBDF46uY
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