Of course u disagree. It doesnt change the fundamentals of this market or any others. Ive heard calls for hypernflation every year since Obama has been in office, even as his administration has increased spendingnby like .6percent during his term, WAAAAY less than reagan or bush. But the big number scares people instead if focusing on the important gdp ratio number.
Look at europe. Theyve slashed spending and have implemented austerity. They r sinking into the abyss because slashing spending is making their longterm debts evennharder to pay down and they are not investing to grow and create jobs at the private OR government level. When theres no demand you dont lessen demand even further by slashing spending. I just dont understand why that is so hard for conservatives to grasp. Less people working is less people working, be it government or private sector. The money multiplier effect of money moving through the economy offsets any notion of government inefficiency compared to private investment.
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