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At least one person agrees with RtO
March 12, 2013 - Harry Eagar
In January, I wrote "A capsule history of public debt" (January 28) to explain why balancing the budget is not always, or even ever, a good idea.
This was based on my own reading of economic history over the decades.
Comes now Evan Soltas, an opinion guest at Bloomberg News, to say the same, with more figures than I used.
Soltas does not cite any authority for his opinion, any more than RtO did. The reason I didn't is that my conception of debt is an amalgam of ideas from all over. I don't know who Soltas is or why he doesn't cite authorities. Maybe he is an authority.
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