Tag Archives: real resource availability

Is it plausible that programs costing 34 percent of current US GDP can be financed without running up against those pesky real resource constraints, or by exceeding it only by a tolerable margin? I very much doubt it, which is another way of saying that I doubt that GND can be paid for only by diverting substantial amounts of presently-employed real resources from their current uses. Now we are getting down the nitty gritty — the real resources constraint. I have emphasized previusly that...

Keeper quote by William Vickrey. Lars P. Syll’s BlogVickrey on deficits and obfuscatory financial rectitudeLars P. Syll | Professor, Malmo University