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Books > Business & Economics > Economics > Economic theory & philosophy
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Deficit Hysteria - A Common Sense Look at America's Rush to Balance the Budget (Hardcover, New)
Loot Price: R2,277
Discovery Miles 22 770
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Deficit Hysteria - A Common Sense Look at America's Rush to Balance the Budget (Hardcover, New)
Expected to ship within 10 - 15 working days
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The political consensus in the United States today is that the
nation avoid deficit spending. But as virtuous and unassailable as
that goal sounds, it has fallacies and dangers. In a lucid,
nontechnical writing style, Benavie shows that deficits can be
either good or bad and explains how to tell the difference.
Deficits, or government borrowing, can be beneficial or harmful
depending on what the government does with the money. Preventing
such borrowing, Benavie points out, would be comparable to
preventing one's family from borrowing money to buy a house or to
put a child through college. Deficits can be beneficial to the
nation's economic health in three main ways. When the economy
slumps, a deficit, which is automatically created, helps to reduce
the severity of the recession. When the economy is seriously
depressed, boosting the deficit may be the only cure. Finally,
deficits to support such investments as basic research, cleaning up
toxic waste, and rebuilding inner cities are crucial to the
economic health of future generations.
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