Debt Limit - A Guide To American Federal Debt Made Easy

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    Debt Limit - A Guide To American Federal Debt Made Easy

    http://www.youtube.com/watch?v=Li0no7O9zmE

     
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    Re: Debt Limit - A Guide To American Federal Debt Made Easy

    Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax ... If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or in the form of borrowing. The thing you should keep your eye on is what government spends, and the real problem is to hold down government spending as a fraction of our income, and if you do that, you can stop worrying about the debt.

    -- Milton Friedman

     
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    Re: Debt Limit - A Guide To American Federal Debt Made Easy

    In response to skeeter20's comment:

    Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax ... If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or in the form of borrowing. The thing you should keep your eye on is what government spends, and the real problem is to hold down government spending as a fraction of our income, and if you do that, you can stop worrying about the debt.

    -- Milton Friedman




    Milton Friedman......Ideologue first, economist second

     
  4. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Debt Limit - A Guide To American Federal Debt Made Easy

    In response to UserName99's comment:

    In response to skeeter20's comment:

     

    Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax ... If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or in the form of borrowing. The thing you should keep your eye on is what government spends, and the real problem is to hold down government spending as a fraction of our income, and if you do that, you can stop worrying about the debt.

    -- Milton Friedman

     




    Milton Friedman......Ideologue first, economist second

     



    Says you.  He is generally considered one of the more insightful economists of the 20th century.  you would do well to listen to him, instead of the true economic ideolouges of the Chicago School like Austan Goolsbee.  Check out Art Laffer while you are at it.

     

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