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Financial Friday - Deficits DO Matter
FF: Deficits DO Matter! We talk about holiday spending in the U.S. and Canada, which can add to the monthly deficit and overall debt for the consumer. Governments are continuously increases their debt and running deficits every year. While some may say that deficits don't matter or "in the long run, we'll all be dead," but the truth is that the only way to increase the monetary supply without inflation is to create enough value to account for the increase. That is not what is going on in the world today. The government deficit is added to GDP, but the government isn't actually producing…
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