There is a curious rumor going around. Allegedly, the Obama Administration is producing a shrinking federal deficit. Paul Krugman has even picked up this rumor in his NYT column. Is there any traction to the dubious assertion that the administration is fiscally sane?
Obama is Better Than Obama?
There is a difference between the national…
Piggy-backing off libertas’ post from a few days ago, Think Progress has again made the fallacy of assuming that government expenditures on infrastructure is inherently beneficial to the economy. See quote below:
With borrowing costs low and the nation’s unemployment rate high, infrastructure improvement projects can fix the major problems facing our nation’s roads, bridges,…
Economist Brad DeLong wrote on his blog yesterday about Paul Krugman’s “A Note on the Ricardian Equivalence Argument Against Stimulus.” While the post was quite complex and requires a previous knowledge of Krugman’s argument, he makes one claim I would like to point out.
“He gets it completely wrong because Krugman knows very well who…
