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Why does Krugman only worry about the deficit when it's caused by taxes?
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Why does Krugman only worry about the deficit when it's caused by taxes?
His argument is: extending the tax cuts will increase the debt in the medium term and therefore increase the chance of a fiscal crisis.
But spending that increases demand does not increase the debt, because demand is currently low and therefore a drag on the economy. Which is where taxes come from.
As Krugman elegantly puts it "Keynes roolz."VANGUARD
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But spending that increases demand does not increase the debt
You're a goddamned moron.
12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by Vanguard View PostBut spending that increases demand does not increase the debt, because demand is currently low and therefore a drag on the economy. Which is where taxes come from.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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