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It’s not like the latter division is an obviously stable way to analyze the issue. If we just ran a larger deficit, say 27% of GDP, that ratio would be (tempor
by sokoloff 3y ago
It’s not like the latter division is an obviously stable way to analyze the issue.
If we just ran a larger deficit, say 27% of GDP, that ratio would be (temporarily) much lower at only 25% of new borrowing. But that wouldn’t be obviously “better”.