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Deficit hysteria
por
The political consensus in the United States today is that the nation should avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. Benavie shows that deficits can be either good or bad …
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the long version
The political consensus in the United States today is that the nation should avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. Benavie shows that deficits can be either good or bad and explains how to tell the difference. Deficits, or government borrowing, can be beneficial or harmful depending on what the government does with the money.
Margaret's verdict
"The political consensus in the United States today is that the nation should avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. …"
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