Few understand how dumb they sound when they argue that the government should / can’t even “turn a profit” So you’re saying it should bring in more in taxes than it spends? For what purpose?
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Genuinely asking: I haven’t really heard a healthy reason why we shouldn’t strive for closer to break even. Printing money taken to an extreme is dangerous, no?
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This is my reason. "Break even" for governments is really the convergence point between interest rates and our ability to deploy capital in a societally useful way (above those interest rates). Almost always somewhere in deficit except w/ high rateshttps://twitter.com/tylertringas/status/1387038754989215754?s=20 …
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Whenever I hear a politician saying “we need to run government budgets like a household budget” I 