Vince Gomez (@vincegomez.com)

Every £ of government deficit is a £ of private surplus. Until we grasp this basic accounting identity, debt debates will remain economically illiterate. #PublicFinance #DeficitMyth #MacroEcon https://vincegomez.com/articles/the-deficit-obsession-is-costing-us-a-clear-view-of-the-economy/

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The Deficit Obsession is Costing Us a Clear View of the Economy It seems that whenever a government announces that they have run a deficit over a given financial period, media commentators and opposition politicians react with the same tired metaphors. We are "maxing out the national credit card." We are "burdening our grandchildren." We are "living beyond our means." What almost nobody mentions is the other side of the ledger. https://vincegomez.com/articles/the-deficit-obsession-is-costing-us-a-clear-view-of-the-economy/