Difference between revisions of "Seven Deadly Innocent Frauds of Economic Policy"
From Critiques Of Libertarianism
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| − | + | #. The government must raise funds through taxation or borrowing in order to spend. In other words, government spending is limited by its ability to tax or borrow. | |
| − | + | #. With government deficits, we are leaving our debt burden to our children. | |
| − | + | #. Government budget deficits take away savings. | |
| − | + | #. Social Security is broken. | |
| − | + | #. The trade deficit is an unsustainable imbalance that takes away jobs and output. | |
| − | + | #. We need savings to provide the funds for investment. | |
| − | + | #. It’s a bad thing that higher deficits today mean higher taxes tomorrow. | |
