I did but didn't think anyone here not on PKT would find it as amusing as me.
> If they do this - pay down big gobs of debt for decades on end - and it
> doesn't cause something like a depression, then Keynes's reputation should
> be marked down toward that of his hero, Major Douglas.
Strictly speaking, I would think that what matters most is the relation of borrowing/saving to the business cycle, not a change in the long- run trend of borrowing. Though others are better situated to react to this.
mbs