On Jul 21, 2008, at 5:23 PM, Jim Devine wrote:
why does the Federal government have to worry about the fiscal deficit? it seems that a bigger deficit could be appropriate in a severe recession.
Normally not, but since the GSEs' troubles raise questions about the creditworthiness of the USG, deficit spending to save the GSEs is a little problematic.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
