Alan Longbon — Good News: The CBO Reports The Federal Government Deficit Will Be Larger Than First Thought And Go On For Decades

Summary:
SummaryContrary to mainstream opinion the CBO report is a positive result. The CBO finds that higher deficits will lead to higher and faster GDP growth and employment. The governement deficit is the private sector surplus and while the private sector balance remains positive and grows the likelihood of a stock market crash or recession is low. The purpose of this report is to show the finding of the latest CBO about the Federal deficit is a good thing and should be celebrated. To produce this report an analysis of the national accounts will be used and a sectoral balance model constructed after the work of British economist Professor Wynne Godley. First a quick review of the newly released Congressional Budget Office report.… MMT-friendly.Seeking AlphaGood News: The CBO Reports The

Topics:
Mike Norman considers the following as important: CBO, deficits, MMT, sectoral balances, SFC macro modeling, wynne godley

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