Alright, so I am an economics student, 2nd year of university. I've been doing several macroeconomics courses now, and I was thinking about something. Most models seem to indicate that, given improvements in technology, the natural rate of output will continue to go up. Now please do correct me if I am wrong, but would this not mean that we do not need to worry about government deficits today?
I suppose there must be something flawed with my logic, or is there actually something to say for this?