The World’s First Poor Rich Country
umair haque

“…can you name a single country in the world that has followed conservative economic policies for more than say a year or two, and prospered?”

There are many countries who have demonstrated GDP growth, wage growth, and job growth while using conservative economics. I fear this article exists in an echo chamber where deficits don’t mean anything and balanced budgets are misconstrued as a partisan form of economics.

“Their deficits don’t matter in an era where money’s free, interest rates are negative.”

Deficits do matter in the long term. Interest payments will continue to grow and crowd out spending for other programs. Interest payments are an inferior means of producing growth when compared to things like education spending. They are even less effective at producing real improvements to human life.

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