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Ed Seedhouse
22 followers -
Recent convert to Pastafarianism, worshiper of the one true God, the Flying Cookie Monster.
Recent convert to Pastafarianism, worshiper of the one true God, the Flying Cookie Monster.

22 followers
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Oh no!  Whatever will we do?

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"...every pound someone borrows is a pound that someone else lends. This means that if one sector of the economy is a borrower, another must be a net lender - that is, its savings must exceed its investment."

And this means that if the private sector saves more than it spends then the public sector MUST be in deficit. Not because of policy, because of arithmetic!

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