Sunday, March 15, 2009

Mankiw on Obama’s budget proposal

Greg Mankiw writes a thought provoking article on what we learn about the President and his economic advisers from their budget documents.
His 4 observations (nicely explained points) are as follows :
  1. They are economic optimists
  2. They like to spend
  3. They are serious about climate change
  4. They are deficit doves
In fact, not much of it is 'change'...

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