A Keynesian Defense of the Reagan Deficit: The Real Issue Is How Big Should Federal Budgets Be and How Should They Be Met

Robert J. Alexander

American Journal of Economics and Sociology, 1989, vol. 48, issue 1, 47-54

Abstract: Abstract. Agreement is general that the U.S. budget deficit of the Reagan administrations is a national disaster. The supply side and laffer curve economics of Mr. Reagan and his advisers have proved totally fallacious. Draconian monetary policy Curbed the inflation. But most of the negative charges against the deficit have also proved wrong. The U.S. is not a ‘debtor country.’ The purchasing power pumped into the economy may have mitigated the crisis in major U.S. industries. The real issue in the budget deficit debate is how big a share in the economy should the Federal Government have and should it be financed by taxation or borrowing.

Date: 1989
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1989.tb02089.x

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:bla:ajecsc:v:48:y:1989:i:1:p:47-54

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().