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The Deficit Debate

What case is there for reducing the budget deficit and public debt burden now? Will such actions save the economy from sharply reduced growth or will cutting government spending and/or raising taxes lead to a collapse of demand and a long period of deflation and stagnation?

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Richard Koo

Richard C. Koo is the Chief Economist of Nomura Research Institute with responsibilities to provide independent economic and market analysis to...

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INET News

Martin Wolf on Fiscal Tightening: The "Cutters" vs. the "Postponers"
Peter Leyden
07/20/2010 - 9:09pm
Martin Wolf in his Financial Times column last week, has given an interesting analysis of the arguments for and against fiscal tightening. He notes that policymakers are shifting their views on the subject, mainly due to an improved forecast for...
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