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Cover of Deficit hysteria

Deficit hysteria

a common sense look at America's rush to balance the budget

By Arthur Benavie

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Publish Date

1998

Publisher

Praeger

Language

eng

Pages

149

Description:

The political consensus in the United States today is that the nation should avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. 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.