MOST ECONOMISTS DON'T PAY ANY ATTENTION TO DEBT
As I noted in 2009:
Paul Krugman that debt is a “phantom menace”. But this is not because Krugman is a liberal. Government economists in the Reagan, Bush and Obama administrations have all believed pretty much the same thing: deficits don’t matter.
Indeed, as Steve Keen documents in his must-read book, Debunking Economics: The Naked Emperor Dethroned, mainstream (i.e. neo-classical) economists don't even take debt into consideration
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