The Case Against Budget Surpluses

Thomas Palley

Challenge, 2001, vol. 44, issue 6, pages 13-27

Abstract: The desirability of federal budget surpluses became the conventional wisdom in the 1990s. This economist argues that ongoing surpluses will be damaging in several important ways. He proposes that the nation have its debt grow at the same rate as the GDP.

Date: 2001

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