This is what I'm talking about when I talk US budget.
Near-infinite leverage. Not infinite, but slack on slack on slack. And that's leaving out the monetary operations and political economy/macro aspects. We can pretty much do what we want within reason without thinking about the budget. Better than that would be using the budget as a lever properly understood. Has a lot of implications for tax policy, health care reform.
[Post edited by hoodeyo at 09/21/2017 12:47AM]
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In response to this post by BocaHoo91)
Posted: 09/21/2017 at 12:43AM