Difference between revisions of "Seven Deadly Innocent Frauds of Economic Policy"
From Critiques Of Libertarianism
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− | {{DES | des = | + | {{DES | des = The frauds are: |
− | + | # 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.}} | |
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