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Good piece on a theme I've often stressed: we don't have to worry about how we'll pay off the debt run up to deal with Covid-19, because we never will — just as we never paid off the debt from WWII 1/ collaborativefund.com/blog/who-pays-…
What we did then was just let the debt/GDP ratio erode over time as the economy grew. This is really easy to do when interest rates are below growth rates, which they normally are 2/
Important because if Biden wins, you know that Republicans will suddenly rediscover their former conviction that debt is a horrible existential threat, and that social spending must be cut. I hope centrists don't fall for this scam again (although they probably will) 3/
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