Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54259 
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dc.contributor.authorNersisyan, Yevaen
dc.contributor.authorWray, L. Randallen
dc.date.accessioned2011-12-01-
dc.date.accessioned2012-01-06T14:08:19Z-
dc.date.available2012-01-06T14:08:19Z-
dc.date.issued2010-
dc.identifier.isbn978-1-936192-08-3en
dc.identifier.urihttp://hdl.handle.net/10419/54259-
dc.description.abstractThis brief by Yeva Nersisyan and Senior Scholar L. Randall Wray argues that deficits do not burden future generations with debt, nor do they crowd out private spending. The authors base their conclusions on the premise that a sovereign nation with its own currency cannot become insolvent, and that government financing is unlike that of a household or firm. Moreover, they observe that automatic stabilizers, not government bailouts and the stimulus package, have prevented the US economic contraction from devolving into another Great Depression. The authors dispense with unsubstantiated concerns about deficits and debts, noting that they mask the real issue: the unwillingness of deficit hawks to allow government to work for the good of the people.en
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aPublic Policy Brief |x111en
dc.subject.ddc330en
dc.subject.stwHaushaltsdefiziten
dc.subject.stwHaushaltskonsolidierungen
dc.subject.stwTheorieen
dc.subject.stwUSAen
dc.subject.stwWelten
dc.titleDeficit hysteria redux? Why we should stop worrying about US government deficits-
dc.typeResearch Reporten
dc.identifier.ppn631375910en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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