Neoconomics 101

Discussion in 'Economics' started by bungrider, Jan 26, 2004.

  1. light of our esteemed leader's State of the Union address, I'd like to point out some recent (and not-so-recent) stories regarding the deficit. Of course, as Cheney pointed out, deficits don't matter (sarcasm intended), but we'll let you decide...

    "It defies common sense and lots of careful research to think that the highest-rated credit on the planet can borrow half a trillion dollars a year without pushing aside some private investment and ultimately hurting productivity growth," Goldman Sachs economist Ed McKelvey wrote in an oft-cited research note in November.

    Also, this article was from 2/2003