Dan McLaughlin Retweeted Brian Riedl 🧀
Spending matters, because it must be paid for (now, or later). Debt matters, because debt service is a recurring cost. Deficits do not matter except as a symptom of spending & a contributor to debt.https://twitter.com/Brian_Riedl/status/1333498254718341121 …
Dan McLaughlin added,
Brian Riedl 🧀Verified account @Brian_Riedl
When discussing whether deficits matter, many are confusing short-term vs. long-term concerns.
No, short-term deficits don't matter much when trying to get out of a deep recession. Yes, the horrible long-term debt trends do matter & should be addressed *after* the full recovery.
11:50 AM - 30 Nov 2020
1 reply
3 retweets
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