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Presumably, the implication is that the government must first excise taxes from the public, thereby depressing demand. The alternative is to borrow money by is
by nandemo 11y ago
Presumably, the implication is that the government must first excise taxes from the public, thereby depressing demand.
The alternative is to borrow money by issuing bonds, but that's just a way of postponing the problem, eventually the government has to excise more taxes to pay the debt.