When You Are Engulfed in a Deficit Crisis (via Modeled Behavior)

A lot philospophy as well as policy analysis here.

Many of my friends on the left are coming closer to my view that plans to tackle the budget deficit are highly overrated, in part because there is no pressing deficit crsis and in part because the lack of a pressing threat makes it highly unlikely that any plan will actually work. From Yglesias Annie Lowrey writes about the fact that if we stick to the current law baseline the budget deficit goes away. Nobody has to do anything. Congress merely n … Read More

via  Modeled Behavior