Monday, December 10, 2012
The Keynesians Have the Answer...
...to resolving the national debt problem. They have traditionally defended the accumulation of governmental debt on the grounds that "we only owe it to ourselves." All right, if we "owe it to ourselves," why do we not just "forgive it" to ourselves (i.e., repudiate the indebtedness)? If, through some twisted sense of reasoning, I have�convinced [...]
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