Stephanie KeltonKonto zweryfikowane

We’re used to looking at it from the government’s perspective, so we label it a “deficit.”

But we could just as easily view it from an outsider’s perspective and call it a “surplus.”

Since government is always spending and taxing, it’s a constant churning of pluses and minuses.

But the math always "adds up.” Their minuses are our surpluses.

A budget deficit is not evidence of “overspending.”

Evidence of overspending is inflation, of course!

The government can't run out of money. But it can't buy everyone a pony tomorrow either.

Not because it can’t afford ponies, but because there just aren’t enough ponies alive right now.