What causes budget deficits, and how can we solve them?

My last couple posts have shown how much US government spending has mushroomed over the past century and in which categories. In this post we’ll look at federal budget deficits. History of budget deficits The graph below shows federal budget deficits and surpluses from 1955 to 2018. These are inflation-adjusted 2009 dollars from OMB. A … Continue reading What causes budget deficits, and how can we solve them?

The Case For Capitalism

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