deficit spending

Mohamed El-Erian warns that the willingness to keep spending will eventually outpace the ability to do so

Mohamed El-Erian warns that the willingness to keep spending will eventually outpace the ability to do so

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

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