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by spikels
3950 days ago
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Growth is just change in total spending (= total selling). Less spending by one of the biggest spenders means less growth. The is the essence of "fiscal policy"[1]. Of course much of this is offset by the the need to fund this spending through borrowing, taxes or printing money (i.e. inflation) - at least eventually. [1] https://en.m.wikipedia.org/wiki/Fiscal_policy |
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