Replies to post #107502 on Biotech Values

[zipjet]

One thing is true, our current fiscal policy is unsustainable so something has to happen.

A fundamental proposition in economics is that the sum of all realized financial surpluses (+) and deficits (-) over all units must equal zero.

Hyman Minsky

Thus, eliminating the public deficit MUST result in either releveraging the private sector or equivalent reductions in GDP.

No one in power wants to face this.

ij