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Deficit hysteria : a common sense look at America's rush to balance the budget

Author: Arthur Benavie
Publisher: Westport, Conn. : Praeger, 1998.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
The political consensus in the United States today is that the nation should avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. Benavie shows that deficits can be either good or bad and explains how to tell the difference. Deficits, or government borrowing, can be beneficial or harmful depending on what the government does with the money.
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Additional Physical Format: Online version:
Benavie, Arthur.
Deficit hysteria.
Westport, Conn. : Praeger, 1998
(OCoLC)647133567
Document Type: Book
All Authors / Contributors: Arthur Benavie
ISBN: 027596308X 9780275963088
OCLC Number: 38573898
Description: x, 149 pages : illustrations ; 25 cm
Contents: 1. The Deficit: A Symbol of Evil in American Politics. 1. Jefferson and Jackson: Balancing the Budget to Keep Government Small. 2. The Dominant Republicans: Balancing the Budget to Expand the Government. 3. The Great Depression Generates Revolutionary Thoughts about the Deficit. 4. Reagan and Beyond: The Deficit Resumes Its Evil Image --
2. Jobs, Inflation, and the Deficit. 1. Creating Jobs. 2. Jobs versus Inflation. 3. What's So Bad about Inflation? 4. How Does the Government Regulate Total Spending? 5. Monetary versus Fiscal Policy. 6. Structural versus Automatic Deficits. 7. Deficits in a Recession. 8. Deficits and Interest Rates at High Employment. 9. Deficit Aversion and Jobs. 10. Mismeasuring the Deficit.
Responsibility: Arthur Benavie.

Abstract:

The political consensus in the US is that the nation avoids deficit spending. This text aims to show that deficits can be either good or bad and explains how to tell the difference. Deficits, or  Read more...

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"Deficit Hysteria is a badly needed book. In the clearest and simplest prose, Arthur Benavie explains why the word 'deficit' sends chills up our national spine, and he shows us how we can get rid of Read more...

 
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