Johannes Brumm
Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme
10th Jul 21, 6:24pm
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Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme