Re:The Economy
by 001sky on Monday June 30, 2014 @03:14PM
(#7966978)
"Why will high Debt-to-GDP or government spending send the economy into a recession?"
You're confusing the short run and the long run. In the long run there are more degrees of freedom. In that context, this quote simply seems to show a lack of imagination. Entities that extremely indebted lack strategic operating flexibility (countries and businesses alike).
You're confusing the short run and the long run. In the long run there are more degrees of freedom. In that context, this quote simply seems to show a lack of imagination. Entities that extremely indebted lack strategic operating flexibility (countries and businesses alike).