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gfs543
Member since May 2012
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Can a government surplus cause the economy to tank?

- Steve Saville - Speculative Investor

Your dissection is incisive, Steve. You weren't refuting just this one writer. You were beating up on popular Keynesian fallacies.

Commented 2578 days ago

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Beginning of the headline :According to the article linked HERE, if the US or the Australian or the UK government repaid all of its debt, the economy would tank. The article contains such a large number of factual errors and such a copious amount of nonsense that completely debunking it would take far more time than I’m prepared to spend, so in this post I’ll only deal with a few of the flaws. To begin, the article points out that US government surpluses have, in the past, often been followed by depressions or recessions,... Read More

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