Balanced Budgets And Household Finance

As you know, I don’t think we should understand the budget policies of a large country able to borrow in its own fiat currency via analogy with the budget practices of a prudent household. But I’m always puzzled by people like Rep. Pat Meehan (R-PA) who seem to think that household budgeting is similar to [...]

Source: http://thinkprogress.org/yglesias/2011/07/27/280178/balanced-budgets-and-household-finance/

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