Physical or resource constraints tend to accelerate rather than stop the fiscal 'train' because the train is nominal: an economy that hits serious resource constraints typically sees its deficit blow out and its currency devalue sharply initially, rather than its deficit shrinking.
causalpending
Speaker
Lynn AldenEvidence Quote
“limits like that tend to accelerate the train because the train is nominal... its deficit blows out and the currency units devalue very sharply initially”
Created: 6/18/2026, 1:58:51 PM
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