Linkin' Blogs: Delaware
This being Delaware, I will occassionally link to conservative blogs. Today, I am adding First State Politics, the work of Dave Burris.
Astute readers will note that I recently plunged into the deep end of macroeconomic policy thanks to this post from Dave last week:
I've been doing my best to put Dave right on the topic, starting with the observation that the chart actually says very little. To his credit, Dave (who had already linked to this site) is taking it all with considerable sportsmanship.
Astute readers will note that I recently plunged into the deep end of macroeconomic policy thanks to this post from Dave last week:
This chart from the Treasury Department says it all:
I've been doing my best to put Dave right on the topic, starting with the observation that the chart actually says very little. To his credit, Dave (who had already linked to this site) is taking it all with considerable sportsmanship.
posted by Tom Noyes at 4:18 PM
3 Comments:
Just trying to get to the bottom of it all. It's certainly not cut and dry in either direction, which is basically what Mankiw says here.
A nice nuanced post from Mankiw.
Nuance can be hard to come by in political rhetoric about the economy, which is why I titled this series "Bumper Sticker Economics."
Of course it will take a few more $100 billion surprises to close this year's budget gap.
As for the national debt, it would take no fewer than 30 $100 billion surprises to clear the debt added since Bush took office in 2001. Nothing nuanced about that number.
Well, I figure Mankiw knows a bit about a bit, since he teaches economics at Harvard. More than me, anyway.
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