> From: John D. Giorgis <[EMAIL PROTECTED]> > > At 04:16 PM 2/8/2004 -0600 Dan Minette wrote: > >> See http://tinyurl.com/2vn5n for a recent discussion by Brad > >> DeLong on the budget deficits. > > > > Brad DeLong has his political/normative hat on in this article. What he > doesn't tell you in this article is that a lot of respected Economists > would certainly advise *against* a balanced budget over the last few years, > when the economy was faced with recession, war, and the need for a major > domestic initiative at the same time.
Would he? He's compiling a list: <<http://www.j-bradford-delong.net/movable_type/2004_archives/000234.html> > of people who choose to remain aboard the sinking ShrubTanic. > > I have been very forthright about the fact that one of the reasons I most > hope that President Bush is re-elected is because it would prove to be the > ultimate natural experiment for what has come to be called "supply-side" > economics. The next four years look very likely to bring nominal > Republican control of Congress and solid economic growth. (Indeed, if > recent productivity numbers hold up, the economic growth could be quite > stunning over the next four years.) I am the first person to say that > if President Bush cannot balance the budget with a Republican Congress and > solid economic growth over his second term, then it serves to reason that > much of the current Republican economic formula will be discredited. It was descredited when arch-Republican-Villan Shrub-The-Elder coined the term and declared Supply-Side Ecconomics as Voodoo Economics. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
