www.aeaweb.org/articles?id=... "When too much #income pools at the top, demand weakens, deficits persist, and dependence on debt weakens us all" Reduce #inequality - #tax the #rich - down w/ #billionaires

A Goldilocks Theory of Fiscal ...
A Goldilocks Theory of Fiscal Deficits - American Economic Association

A Goldilocks Theory of Fiscal Deficits by Atif Mian, Ludwig Straub and Amir Sufi. Published in volume 115, issue 12, pages 4253-91 of American Economic Review, December 2025, Abstract: We develop a tractable framework for deficit and debt dynamics. A "free lunch" fiscal deficit—one that raises spe...