Wednesday, February 26, 2014
Cheating Our Children
The voices on the right like to use the charge that when the government runs a deficit we are cheating our children. But the truth is actually the reverse of that. Interest rates are low because businesses and individuals are sitting on plenty of cash because there is a lack of good investment prospects brought about by the shortage of demand. We cheat our children when we don't put that money to work by not investing it in infrastructure and education. Businesses and individuals don't do infrastructure and educations, government does. The government needs to be borrowing all that unused money and use this opportunity to make the future brighter for our children.
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