[ExI] Trump's Coronavirus Response

[William Flynn Wallace]

On Sun, May 10, 2020 at 9:26 AM SR Ballard via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> “If” is why.
>
> SR Ballard
>

Sorry - only had two cups of coffee so far.  Brain fog.  What do you mean
by 'if'?

bill w

>
> On May 10, 2020, at 7:28 AM, John Clark via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
>
>
>
> On Sat, May 9, 2020 at 11:08 PM SR Ballard via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
>
> > *I could feel much more comfortable with a “zero sum” or positive
>> budget.*
>
>
> Why? In the last 2 centuries we have dramatically improved our wealth
> generating machinery, aka our productivity, so as long as the borrowing is
> not larger than the rate of wealth generation improvement it would make
> perfect economic sense to borrow a hard to make dollar today if I can pay
> it back with a easy to make dollar tomorrow.  And that's why, except for
> the Clinton years, the USA has been running a budget deficit every single
> year since 1835. And in the entire history of the nation you will not find
> a time less appropriate to worry about the budget deficit than right now!
>
> John K Clark
>
>>
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