pull down to refresh
43 sats \ 1 reply \ @SimpleStacker OP 21 Oct \ parent \ on: Minneapolis Fed Bitcoin Paper | Article Review BooksAndArticles
There's one sentence that kinda implies it could be useful to run permanent deficits:
But the word "useful" could be interpreted as "useful to achieve the policymaker's objectives", without commenting on the desirability of the policymaker's objectives. That's usually the stance economists take. We tend to not say anything about the desirability of objectives, but say whether something is useful or not in achieving said objectives.