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Thursday, December 10, 2009

Borrow More To Grow?

It still comes back to this: if our GDP genuinely was growing, our borrowing wouldn't be. Our borrowing is growing. More borrowing will aggravate that trend. I've never heard of an alcoholic saying that he needs to increase his drinking to get off the booze, but that seems to the advice given here: 'Borrow more, so we can grow faster!' Doesn't compute for me.

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