It is a rock solid tenet of economics that you must pay for your boom times during your boom times. When the bust comes, you need to be able to incur debt in order to boost spending and economic activity. Even the conservative, supply-side economists are aware of this. They ignore it out of political opinion, not economic reasoning.
It is a rock solid tenet of economics that you must pay for your boom times during your boom times. When the bust comes, you need to be able to incur debt in order to boost spending and economic activity. Even the conservative, supply-side economists are aware of this. They ignore it out of political opinion, not economic reasoning.