Deficit hysteria

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

by Arthur Benavie

1998 149 pages eng

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 governm…