Explaining the deficit

Been having some epic economics debates with my mate Dan who lives in Korea right now and has recently discovered the Austrian School of Economics and is intent on debating its value with me. All cool and I have enjoyed waking up in the morning, opening my email at work and seeing another thesis to be read and replied to. His pet project is the US economy and it’s deficit. I understand and agree with a lot of the economics but also point out that politics backed up in no small measure by the demands of the voters undermines any theoretical economic experiment.

Click the title for an excellent overview from the Economist.


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