http://www.abc.net.au/news/thedrum/
"Just as you shouldn't run a deficit if the economy is
overheating, there's nothing to be gained from running a surplus if the
economy is then kneecapped, writes Stephen Koukoulas."
At last a voice of reason beckons in the wilderness of online opinioin.
You really must tone down your verbiage Mr. Grasshopper, the readers might mistakenly believe that you are sane.
It must be a wonderful thing to be as balanced as the drum website is. Others of us are decidedly unbalanced.
It's all really very simple. Fiscally, when in recession rum a deficit; when in boom run a surplus. The former stimulates the economy and requires action and vision by governments; the latter happens spontaneously due to increased tax revenue from booming companies.
This is all part of the Keyesian set of recommended policies which came out of the Great Depression. If applied correctly this set of policies leads directly to a societal state of Keysian Capitalist Utopia.
Unfortunately everyone seams to be confused.
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