| 1 | So what does government borrowing do? | |
| 2 | Deflation can be avoided through debt and money printing. | |
| 3 | Eventually, we have to get off this binge of borrowing. | |
| 4 | It must borrow and spend to fix a crisis created by too much borrowing and spending. | |
| 5 | Following the various negotiations on raising the US debt ceiling is like nailing jelly to a wall. |