Running a primary fiscal surplus in a recession makes the recession worse, raising debt/gdp and increasing the risk of sovereign default
Running a primary fiscal surplus when growth is poor and the private sector highly indebted is likely to cause a recession
Running a sustained absolute surplus robs the private sector of its savings
Paying off government debt deprives the private sector of a safe store of value
Increased growth and prosperity arising from productive investment outweighs the cost to future generations”
e se quiserem ler mais…
Hoje o Centeno na TSF … até parecia um Dr.
Mar de rosas 🙃 . Tudo ensaiado e programado … cada vez seremos mais mexilhões.
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… ” quando o mar bate na rocha quem se lixa ? O mexilhão ! “…
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“The truth is this:
Running a primary fiscal surplus in a recession makes the recession worse, raising debt/gdp and increasing the risk of sovereign default
Running a primary fiscal surplus when growth is poor and the private sector highly indebted is likely to cause a recession
Running a sustained absolute surplus robs the private sector of its savings
Paying off government debt deprives the private sector of a safe store of value
Increased growth and prosperity arising from productive investment outweighs the cost to future generations”
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http://www.coppolacomment.com/2019/05/the-eurozones-long-depression.html
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the truth is out there in africa.
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