“That is not at all what I said, and you know it…I have no idea where you are pulling the idea that I said government spending has no economic impact.”

Look, you’re making grand generalizations like these:

“The debt-to-GDP ratio cannot tell us whether the debt is ‘getting out of hand’ because the ratio itself is not relevant to anything important. The government is never at risk of default (unless it decides to default, but that’s an unforced political decision). The government can ALWAYS meet its financial obligations, without fail.

Later on you also note that we should concern ourselves with inflation, but that flatly contradicts your earlier categorical statements. I suggest that you phrase yourself with greater precision, so that your statements are internally consistent.

Master of Science, Physics, 1975. Computer Game Designer. Interactive Storytelling. www.erasmatazz.com

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