They are against using deficit to improve productive forces or provide for welfare. See how they mentioned mandatory spending (referring to social security).
The article gives a few reasons, one being that private lenders tend to tighten up when inflation is rising because they realize that businesses won’t be able to grow at a sufficient rate for them to make a return.
can’t they just print the money? i don’t get why debt is a problem for this case
They are against using deficit to improve productive forces or provide for welfare. See how they mentioned mandatory spending (referring to social security).
The article gives a few reasons, one being that private lenders tend to tighten up when inflation is rising because they realize that businesses won’t be able to grow at a sufficient rate for them to make a return.