Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
US States don't run budget deficits because they are sub-sovereign entities. The federal government runs a budget deficit for everyone. That's what's missing in the eurozone.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Dec 11th, 2018 at 11:25:28 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series