The Parties' Flip-Flops on Deficit Spending: Economics or Politics? : The Economists' Voice Jump to ContentJump to Main Navigation
Show Summary Details

The Economists' Voice

Ed. by Cragg, Michael / Jaffee, Dwight / Stiglitz, Joseph / Zwiebel, Jeffrey


SCImago Journal Rank (SJR) 2014: 0.121
Source Normalized Impact per Paper (SNIP) 2014: 0.088
Impact per Publication (IPP) 2014: 0.118

Online
ISSN
1553-3832
See all formats and pricing
Select Volume and Issue
Loading journal volume and issue information...

30,00 € / $42.00 / £23.00

Get Access to Full Text

The Parties' Flip-Flops on Deficit Spending: Economics or Politics?

Joseph Stiglitz1

1Columbia University

Citation Information: The Economists' Voice. Volume 1, Issue 1, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1001, September 2004

Publication History

Published Online:
2004-09-15

Not long ago, Republicans were trying to pass a balanced budget amendment to the constitution. Democrats were skeptical, overwhelmingly Keynesian, and believed that deficit spending had ended the Great Depression. Under Rubinomics the positions began to switch: Democrats became the defenders of fiscal orthodoxy. Now Bush has cut taxes for the rich and caused huge deficits. Is the flip-flop just politics?

Keywords: deficits; deficit spending; Greenspan; Bush; Rubin; Keynes

Comments (0)

Please log in or register to comment.