What Happens When the Government Tightens its Belt?
June 01, 2011 at 10:41 AM EDT
What Happens When the Government Tightens its Belt? By Stephanie Kelton May 27 — Imagine two people sitting on opposite ends of a 15-foot teeter-totter. The laws of physics dictate that the seesaw will balance if the product of the first mass (w1) and its distance (d1) from the fulcrum (i.e. the balancing point) is equal to [...]
