raghu wrote:
> 
> An interesting, if obscure debate between Paul Krugman and James
> Galbraith on whether deficits can *ever* be a problem when denominated
> in a fiat currency.
> 
> Their disagreement seems polemical rather than anything substantive.

Whatever you call substantive is substantive only to the extent to which
it illuminates what is _really_ substantive, namely, the poitical.

Carrol
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