by Summary:
Although mainstream economics prides itself on being highly precise and mathematical, this is not apparent when looking at the discussion of fiscal policy. It is very easy to find appeals to intergenerational fairness when discussing fiscal policy. Such a term is essentially meaningless in technical terms; it is mainly used as a ploy to evoke images of doe-eyed grandchildren being robbed by nefarious politicians. This article explains why the concept is largely worthless as an analytical concept.... Bond Economics The Chimera Of Generational Fairness In Fiscal PolicyBrian Romanchuk
Topics:
Mike Norman considers the following as important: debt hysteria, debt phobia, generational fairness, MMT, public debt
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Although mainstream economics prides itself on being highly precise and mathematical, this is not apparent when looking at the discussion of fiscal policy. It is very easy to find appeals to intergenerational fairness when discussing fiscal policy. Such a term is essentially meaningless in technical terms; it is mainly used as a ploy to evoke images of doe-eyed grandchildren being robbed by nefarious politicians. This article explains why the concept is largely worthless as an analytical concept.... Bond Economics The Chimera Of Generational Fairness In Fiscal PolicyBrian Romanchuk
Topics:
Mike Norman considers the following as important: debt hysteria, debt phobia, generational fairness, MMT, public debt
This could be interesting, too:
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Although mainstream economics prides itself on being highly precise and mathematical, this is not apparent when looking at the discussion of fiscal policy. It is very easy to find appeals to intergenerational fairness when discussing fiscal policy. Such a term is essentially meaningless in technical terms; it is mainly used as a ploy to evoke images of doe-eyed grandchildren being robbed by nefarious politicians. This article explains why the concept is largely worthless as an analytical concept....Bond Economics
The Chimera Of Generational Fairness In Fiscal Policy
Brian Romanchuk