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Surplus Mania: A Reality Check

L. Randall Wray

Economics Policy Note Archive from Levy Economics Institute

Abstract: A federal government surplus has finally been achieved, and it has been met with pronouncements that it is a great gift for the future and with arguments about what to do with it. However, the surplus will be short-lived, it will depress economic growth, and, in any case, surpluses cannot be "used" for anything.

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