National Journal Expert Blog debate on fiscal sustainability
June 12, 2009 at 07:23 AM EDT
[Skip to the end] What Is Fiscally — And Politically — ‘Sustainable’? By James K. Galbraith Professor of Economics, University of Texas June 11th —Chairman Bernanke may, if he likes, try to define “fiscal sustainability” as a stable ratio of public debt to GDP. But this is, of course, nonsense. It is Ben Bernanke as Humpty-Dumpty, straight from [...]
