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The budget deficit represents the monetary value of everything the government spends money on (e.g., places, programs, assets, investments, etc.).
by uoaei 4y ago
The budget deficit represents the monetary value of everything the government spends money on (e.g., places, programs, assets, investments, etc.).
- throwaway4good 4y agoI was referring to trade deficits.
- uoaei 4y agoAnd I was not. The statement holds for both anyway, in cases of hegemonic, sovereign, fiat currencies.