It's insane to try to balance the budget.
This paper was one of my digressions into abstract economics.
Don't you think you're just rearranging deck chairs on the Titanic?
The nominal budget is a poor indicator of the impact of government outlays and revenues.
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.