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Why government deficits matter as much as ever

Scott Sumner  |  June 30, 2020

Op-ed by Scott Sumner, includes “… During normal times, most people grasp what economists call ‘opportunity cost.’ If the government spends money, someone will eventually have to pay the price through higher taxes. During deep recessions, however, there is sometimes a mistaken perception that the old rules no longer apply … Look for the current fiscal stimulus in the United States to lead to higher taxes in the future, perhaps as soon as 2021.” 

Read the full article on: The Hill

 
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