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View Diary: Why deficits don't matter - the reality of government finance (116 comments)

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  •  Zimbabwe (2+ / 0-)
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    katiec, psyched

    also destroyed its productive capacity before it printed so much. In doing so it destroyed its own production of goods creating a classic inflationary precondition too much money chasing too few goods. Here, of course, we have 20 -25% idle capacity just waiting to absorb deficit spending by the Government w/o demand-pull inflation.

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