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Business
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Why this is important?
Because investment is important for long-run economic growth, government budget deficits reduce the economy's growth rate. In other words, they can slow and even halt the steady rise in material living standards that has always nourished the American Dream. This crowding out wouldn't matter as much if American businesses and households were remarkable savers...
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Why this is important?
Because investment is important for long-run economic growth, government budget deficits reduce the economy's growth rate. In other words, they can slow and even halt the steady rise in material living standards that has always nourished the American Dream. This crowding out wouldn't matter as much if American businesses and households were remarkable savers...
Essay fragment
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