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> as long as the economy grows fast enough it doesn't matter that this spending isn't covered by taxes Which is technically true, but impossible over the long
by fallingknife 3y ago
> as long as the economy grows fast enough it doesn't matter that this spending isn't covered by taxes
Which is technically true, but impossible over the long run for the levels of deficits the US is running now.
- waveofthehand 3y agoIt is not "impossible" at all. The US cannot run out of its own currency. It controls the currency. It can run whatever deficits it wishes to.