"The economy is like a car. Government spending is the accelerator. Taxes are the brakes. To keep going or speed up, press the accelerator. To slow down, ease off the accelerator or press the brakes. Driving too fast could lead to hyper-inflation, but that never happened here because the country always slowed down in time."
[excerpt from website: Naked Capitalism]
date of post: Feb. 4, 2016
author of the post: Yves Smith
post title: "Explaining Why Federal Deficits Are Needed"
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Thinking about trying to learn a little about economics, I searched for something I could understand and found the above paragraph.
Comments begin, after the post: typers supporting, adding-to, and/or bitching-about what was written....
One said, "...but this article ignores many relevant issues, and dumbs down the entire scenario."
"Dumbs-down" - ?! (Zat-why I could understand it...?)
-30-
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