15 Jan 2015

Govt Surplus

I'm reading Steve Keen in Forbes. One of the points seems to be that running a sustained government surplus means the government taking more from the public than it gives back in services. This is not even sensible Neoliberalism!

If the government sector is running a surplus then the private sector will have to operate with a deficit, either by running down sayings, or running up debt or some combination of both.

See also Savings, Debt and the Deficit.

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Keep is seemly & on-topic. Thanks.