Re: Budget surpluses cause depressions

[Skip to the end] (email exchange) All a bunch of true but not relevant crapola. All 6 US depressions were preceded by the first 6 periods of budget surpluses. The 7th ended in 2001, as Bloomberg announced it was the longest surplus since 1927-1930. The difference now we are not on the gold standard so the Treasury can deficit spend [...]