From Kelton in April 2021: "The key to responsibly spending vast sums of money lies in carefully managing the economy’s real productive limitations. Just as my

From Kelton in April 2021: "The key to responsibly spending vast sums of money lies in carefully managing the economy’s real productive limitations. Just as my son’s Lego projects are limited by the amount of bricks we have bought for him, we can’t squeeze more goods and services out of our economy once we’ve made use of all available resources. ... Depending on how big Congress ultimately decides to go on infrastructure, and how quickly, it may need to unleash a whole suite of inflation-dampening policies along the way — all of it unrelated to deficit neutrality." (Emphasis added.) https://www.nytimes.com/2021/04/07/opinion/biden-infrastructure-taxes.html https://www.nytimes.com/2021/04/07/opinion/biden-infrastruct...