Deficit Spending and the Transfer of Costs to Future Generations

Deficit Spending and the Transfer of Costs to Future Generations

Deficit Spending and the Transfer of Costs to Future GenerationsWhen a government spends more than it collects in revenue, it must cover the difference. The usual methods are borrowing from the public or, in some cases, creating new money. Both approaches allow higher spending today. Both also shift...

Read the full article →