The Economists' Voice
Ed. by Cragg, Michael / Stiglitz, Joseph / Zwiebel, Jeffrey
1 Issue per year
SCImago Journal Rank (SJR) 2015: 0.164
Source Normalized Impact per Paper (SNIP) 2015: 0.264
Impact per Publication (IPP) 2015: 0.143
The Parties' Flip-Flops on Deficit Spending: Economics or Politics?
- 1Columbia University
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?