The distinction between capital and current spending (and thus between “good” and “bad” deficits) is old hat to any student of public finance. But we forget knowledge at such an alarming rate that it is worth re-stating it, particularly with deficit hawks in power in the UK and Europe, though fortunately not (yet) in the US.
资本和经常性支出（亦即“好”与“坏”赤字）的区别对公共财政学来说已是老生常谈了。但居然有如此之多的人忘记了应该将这一思想重新表述一下，特别是在英国和欧洲财政鹰派炙手可热的情况下（幸运的是，美国还没有出现财政鹰派一统江湖的情况）。