Economics for Everyone
Abstract:
When discussing the various aspects of the federal budget, one must be sure not to confuse the terms debt and deficit.
Debt refers to what we would call in the playground of economics as a "stock" variable, which is something measured at a point in time....
- Displaying 1 - 1 of 1
- Displaying 1 - 1 of 1
Joe L.
posted 3/05/10 @ 1:09 AM PST
The other more disturbing thing is that as the general public we are living well beyond our means. Is that how we are to sustain the economy? With a debt to income ratio almost 90% as well? I think that that it is not a matter of recovering the economy to 1990 levels, it is that we have to learn to lower our expectations, so to speak. This is the new world we live in... Do I sound like a socialist? lol