10. isn't is simpler to just raise taxes progressively 3 % of the GDP and balance the budget
then go back to printing money and deficit spending when the economy slows and paying down the debt when the economy does well. While I don't disagree with the central argument, I just think a long term stable economy generally doesn't solve every solution with deficit spending. The goal of the economy in the last century was to keep it relatively stable as average Americans simple can't tolerate wild boom, bust cycles. One lever economies never seem to end up stable anywhere accept on paper. At least it seems that way to me.