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Greg Mankiw Weighs in on the National Debt, Balanced Budgets, and the VAT

A few key points Mankiw makes:

  1. Deficits ARE NOT necessarily bad.  It makes sense for governments to borrow in certain instances.
  2. Balanced Budgets are somewhat overrated.
  3. Obama knows that his long-term plan is unsustainable.
  4. The Value-Added Tax is an effective way for the government to collect additional tax revenue

Here is the full article in the NY Times.

This entry was posted on Sunday, February 14th, 2010 at 19:06 and is filed under Economics, Political. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Greg Mankiw Weighs in on the National Debt, Balanced Budgets, and the VAT”

  1. Billy Parrish says:
    16 April 2010 at 15:21

    Mankiw goes a little Keynesian.

    So I’ll go a little Miltonian.

    When is someone going to stand up to the AARP and increase the beneficiary age. Just that action alone will get the government back into the black by the time the boomers retire (and yes, JWK, I consider you a boomer).

    damn proud,
    bp