The first pillar of fiscal rectitude to
crumble will be any resistance to the cyclical
argument. Even PK acknowledges it. The real
key is the position on the longer-term.
mbs
Jim Devine wrote:
>Is it really true that most macroeconomists in Washington are now
>rejecting the fiscal austerit
. . . Is it really true that most macroeconomists in Washington are now
rejecting
the fiscal austerity of PK and the DLC? ("PK & the DLC" sounds like a rock
group.)
mbs: My source for this is a front-page article in the
WSJ last week (I think). Based on a round of
interviews, incl Blinder and Fe
Jim Devine wrote:
>Is it really true that most macroeconomists in Washington are now
>rejecting the fiscal austerity of PK and the DLC? ("PK & the DLC"
>sounds like a rock group.)
Dunno about Washington, but Wall Street is. Goldman Sachs is talking
about the need to forget the surplus for now
At 12:34 PM 9/6/01 -0400, you wrote:
>Right
>now, as far as I can see, the only ones
>supporting the Dem's fiscal policy stance
>are PK and the DLC.
Is it really true that most macroeconomists in Washington are now rejecting
the fiscal austerity of PK and the DLC? ("PK & the DLC" sounds like a r
