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

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  •  Understood. (0+ / 0-)

    It seems to me that to be effectively refuted, the interpretive contingents going into the theory would have to be proven wrong or reformed, which would actually just create another identity.  So you're right, the parameters (real measures and statistics) of the identity can be empirically explored relative to whether or not they prove to be the relevant inputs and mathematically relate to the identity.  But as long as everyone accepts the real measures and statistics comprising the identity, and therefor the theory, its foundation will remain solid?

    Thanks for your counsel.  


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