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James E Keenan's avatar

For a further critique of the "crowding out" theory and an argument that government spending can actually have a stimulative, "crowding in" effect on private investment, see "Death of an Economic Theory" by American Prospect editor David Dayen at

https://prospect.org/economy/2023-07-07-death-of-an-economic-theory/.

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Robert Strand's avatar

I have enjoyed reading your thoughts and the careful analyses of these "debt" prevarications.

Thanks!

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KenS's avatar

I second that sentiment.

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