Mainstream deficit absurdity

posted by
February 10, 2013
Ayn R. Key
by Ayn R. Key  
Posted in Commentary

"There is an argument being made in mainstream and Keynesian circles that the deficit must not be cut because otherwise what little recovery there has been in the economy so far would be damaged and perhaps erased. This is in response to false cuts proposed by Republicans such as Representative Paul Ryan who only proposed a reduction in the rate of increase and not a single actual cut, and also in response to arguments by libertarians that reducing the deficit is vital to restoring some economic order. From an Austrian perspective, this argument is rubbish." (02/09/13)  

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