by Summary:
Funny how some folks stop caring about federal deficits after an election.… This sort of behavior is intellectually dishonest, hypocritical, economically counterproductive and, at times, even dangerous. It has been going on for too long.... But Ronald Reagan (and you thought I was referring to Barack Obama) ignored the critics. His deficit spending and tax cuts helped stimulate the economy and led to an economic recovery that lasted for the better part of a decade. 1 This is further support for the playbook laid out by John Maynard Keynes in "A Treatise on Money," written almost 90 years ago: The government acts temporarily to replace missing corporate and household demand during recessions by increasing spending. Both Reagan and Obama had the big concept right; the time for stimulus
Topics:
Mike Norman considers the following as important: deficit doves, deficit hawks, john maynard keynes
This could be interesting, too:
Funny how some folks stop caring about federal deficits after an election.… This sort of behavior is intellectually dishonest, hypocritical, economically counterproductive and, at times, even dangerous. It has been going on for too long.... But Ronald Reagan (and you thought I was referring to Barack Obama) ignored the critics. His deficit spending and tax cuts helped stimulate the economy and led to an economic recovery that lasted for the better part of a decade. 1 This is further support for the playbook laid out by John Maynard Keynes in "A Treatise on Money," written almost 90 years ago: The government acts temporarily to replace missing corporate and household demand during recessions by increasing spending. Both Reagan and Obama had the big concept right; the time for stimulus
Topics:
Mike Norman considers the following as important: deficit doves, deficit hawks, john maynard keynes
This could be interesting, too:
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Funny how some folks stop caring about federal deficits after an election.…
This sort of behavior is intellectually dishonest, hypocritical, economically counterproductive and, at times, even dangerous. It has been going on for too long....
But Ronald Reagan (and you thought I was referring to Barack Obama) ignored the critics. His deficit spending and tax cuts helped stimulate the economy and led to an economic recovery that lasted for the better part of a decade. 1
This is further support for the playbook laid out by John Maynard Keynes in "A Treatise on Money," written almost 90 years ago: The government acts temporarily to replace missing corporate and household demand during recessions by increasing spending.
Both Reagan and Obama had the big concept right; the time for stimulus through the combination of deficits and tax cuts is during a bad downturn. When private-sector demand crashes, the government can replace it temporarily with the proper programs....Bloomberg View
Born-Again Fiscal Hawks Turn Into Doves
Barry Ritholtz