Dealing with Fiscal Deficits

The Economist provides an analysis of the difficulties in reducing fiscal deficits: you can read the article here.

3 replies on “Dealing with Fiscal Deficits”

The author of the article does not consider that there is a difference between a recession and a depression. His advice is poor as it neglects the fact of a depression. Still, he got paid for the article and paper never refused ink.

Perhaps, if we pretend, it will not be a depression? Austrian no Ostrich economics!


I can only hope I’m mis-reading the tone and that Pat Donnelly is being tongue-in-cheek with the suggestion about raising taxes again, at least when it comes to the top marginal rates.

Perhaps I am missing it and Pat is being wonderfully ironic.

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