Yes, consumer installment debt tends to fall with rising federal deficits.
The income and savings added by the higher deficits helps sustain consumption without as much consumer debt as would otherwise be necessary.
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Mosler Economics / Modern Monetary Theory
The Site of Economist Warren Mosler
Yes, consumer installment debt tends to fall with rising federal deficits.
The income and savings added by the higher deficits helps sustain consumption without as much consumer debt as would otherwise be necessary.
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