not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?
I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
President Clinton was able to achieve budget surpluses despite a divided government.