The Mythology of Debts and Deficits

William Waller

Journal of Economic Issues, 2014, vol. 48, issue 2, 461-468

Abstract: This paper discusses the role played by mythology in the public's perception, and the formation of public policy with regard to federal debt and deficits. It argues that three myths structure our understanding and prevent us from adopting reasonable policies. These myths suggest that most government action is deleterious, and that the government as an economic agent should be held to the same standard as individual economic agents.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/JEI0021-3624480220 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:48:y:2014:i:2:p:461-468

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.2753/JEI0021-3624480220

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().