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Well yes. If you define all other economists, including Bofinger or Krugman as cargo-cultists, leaving only the members of your sect as economists, then you have majority. Furthermore you seem to confuse the national asset stock with the national debt, a central bank with a fiscal deficit, monetary growth with a deficit, and so on. In this cause a balanced budget over the cycle would indeed be wrong, but I don't share your assumptions
by IM on Sun Aug 14th, 2011 at 04:55:03 PM EST
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