"Then it is dark; a night where kings in golden suits ride elephants over the mountains." - John Cheever

Thursday, March 11, 2004

Budget Deficits

Basically i think if you run a big budget deficit, the fact that you have to service the debt by borrowing from banks, issuing bonds etc means that investment funds for more productive economic activity get crowded out, and the economy as a whole suffers.

Right, lets get back to XY women ;-)

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