Q1. Converse ‘deficit spending paves the road to ruin. If we keep it up the whole country will go bankrupt. Even if things do not go this far Illustrate what right have we to burden our children also grandchildren with these debts while we live high on the hog?' (Converse the size of recent deficits also accumulated national debt, elucidate how much of the national debt is held by foreigners?
Q2. Would you advocate monetary restraint or stimulus for today's economy?