Home > Fiscal Armageddon > If deficits don’t matter during recessions, why is everyone worried about Greece?

If deficits don’t matter during recessions, why is everyone worried about Greece?

Michael Panzner makes a good point – If Keynesians like Paul Krugman are right in arguing that deficits don’t matter during recessions, why is everyone quietly having a heart attack over Greece, over Ireland, over Eastern Europe?  Why did Iceland blow up?

Methinks deficits DO matter.

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Categories: Fiscal Armageddon
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