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Saturday, March 05, 2011

Fiscal Illusion?

Here's Tyler Cowen's latest column at the NY Times:

It’s Time to Face the Fiscal Illusion: Fiscal policy debates often focus on technocratic questions about how much money the government should spend and when, yet the actual course of events depends not on the experts but on politics. The more that our government runs up unfunded obligations and debt, the more we are setting a trap for ourselves. ...

I am already late, so I'll leave this for you to discuss in comments.

    Posted by on Saturday, March 5, 2011 at 12:15 PM in Budget Deficit, Economics | Permalink  Comments (82)


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