Likewise, contrary to the prevailing tenets of not many years ago, economic policy, as it is currently undertaken in the United States and Europe, does not preclude running larger budget deficits during a downswing of the cycle.
Isto tako, suprotno od ne tako davnasnje vladajuće doktrine, ekonomska politika, u svom postojećem obliku u Americi i Evropi, ne isključuje postojanje velikih budžetskih deficita na "opadajućem kraju ciklusa".