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Thursday, July 5, 2018

KRUGMAN 96% OF ECONOMISTS' THINK BALANCED BUDGET REALLY REALLY BAD IDEA

That is really close to 100% of economists.

That is why I have called them The Doomsday Discipline.

It is not really about simply a balanced budget, per se.

It is all the other dimensions of betrayal that economists have foisted on us that hang together with an unbalanced budget, really since the 18th Century.

Eg Ricardo, adamant for free trade....comparative advantage...

Smith, a byword.

Mill, say no more.

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