tag:blogger.com,1999:blog-2098432983500045934.post6597731099059513772..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Iffy, Piffy (2): Inflation-Adjusted Components of Total DebtThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2098432983500045934.post-13839795403356199172021-09-11T04:56:06.819-04:002021-09-11T04:56:06.819-04:00"The growth of Federal debt since 1981 was al..."The growth of Federal debt since 1981 was all stimulus." -- and that whole paragraph: YES, and I am still saying the same; see my quote at the top of <a href="http://econcrit.blogspot.com/" rel="nofollow">EconCrit</a>:<br /><br />"Expansion of Federal debt leads to expansion of private-sector debt, but private-sector debt is already so big and costly that it undermines the effectiveness of the "boost" provided by big new public spending. This problem cannot be solved by additional government spending. It can only be solved by reducing private-sector debt."<br />... from <a href="https://econcrit.blogspot.com/2019/06/we-tried-that-already.html" rel="nofollow">https://econcrit.blogspot.com/2019/06/we-tried-that-already.html</a><br /><br />Note also, however, that these graphs all use the incorrect calculation for the inflation adjustment of debt!<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com