“Today’s decision by the S&P rating agency to place the United Kingdom government’s AAA rating on negative watch should be a wake up call to the Obama administration about the dangers of fiscal profligacy. So too should the Chinese government’s repeated comments about its reluctance to keep adding to its already extraordinarily large U.S. Treasury […]
Archive for the 'Fiscal Stimulus' Category
May21st2009
Apr28th2009
Is Government Spending As Good As Anybody Else’s?
Published by in Economics, Fiscal Stimulus and General. 0 CommentsSpecifically, at creating employment? Many liberal economists, including UC Berkeley’s Brad DeLong, say yes. For the counter argument, see this post by Mario Rizzo, professor of economics at NYU.
He writes:
So when DeLong, among others, says that government spending is as good as private in restoring employment, he is speaking against the whole thrust of the […]
