>>"A budget deficit, by contrast, is just a number. It's akin to blaming the thermometer when it registers that someone has a flu bug. Any doctor would legitimately be called a quack if he proposed a cure for influenza by sticking the thermometer in a bucket of ice until we got the right "reading" that was deemed to be acceptable to him." http://www.huffingtonpost.com/marshall-auerback/greece-signs-its-national_b_458621.html
This make no sense. The way you get the right reading on a thermometer is to cure the fever. Any economist who said that the way you cure a deficit is to ignore measurements of the deficit would be called a quack.
A budget deficit is not 'just a number'. It is the essential measurement that determines borrowing costs for a country seeking to pay its bills with loans. This is proven by the fact that every country that ignores deficits for long enough always ends up destroying their currency, leading to capital flight, a loan default and/or a forced restructuring of their debt.
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