300 Economists Warn That Deficit Hysteria Is a Big Con

[Nbadan]

How so, sensei?

Monetize the debt at 2% per year for every year we have less than 3% inflation, for instance, now would be a great time to monetize the debt because we have a period of deflation

[RandomGuy]

And in other news, 300 economists warn that deficits are a problem.

If all economists were laid end to end, they would not reach a conclusion.
George Bernard Shaw

[RandomGuy]

I would guess Ronald Reagan. Incorrectly blaming the inflation of the late seventies and early eighties on government spending.

(Jimmy Carter)
http://www.pbs.org/wgbh/amex/carter/...inflation.html



Carter actually managed to reduce the overall debt load, relative to the economy.

It wasnt' until Reagan got into office with his "deficits don't matter" budgets, that the debt really started to take off again.

Man, hear the silence. Ol' Ronnie really ran up the debt clock, and man to Republicans hate having their noses rubbed in that one.