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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 7:06 pm and is filed under Economics, Political. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

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