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Dealing with Fiscal Deficits

This post was written by Philip Lane

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

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This entry was posted on Friday, March 5th, 2010 at 1:29 pm and is filed under Fiscal Policy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Dealing with Fiscal Deficits”

  1. Pat Donnelly Says:
    March 5th, 2010 at 2:46 pm

    http://www.businessweek.com/innovate/next/archives/2010/03/once_upon_a_tim.html

    Fiscal deficits are easy. Just raise taxes, again and again.

    Do not allow the slaves to ask why they were not raised when they could be easily paid and there was lots of money. That would be a solcism.

  2. Pat Donnelly Says:
    March 5th, 2010 at 3:12 pm

    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!

    Solecism.

  3. Hugh Sheehy Says:
    March 7th, 2010 at 12:15 am

    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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