There are economists, business people, politicians, and citizens who maintain that deficits do not matter. Here we’ll explore the viewpoint of those who maintain that deficits are of no great concern to the health of the U.S. economy. Some, in fact, endorse deficit spending and financing as a positive economic strategy for the United States.
KeywordsPublic Good Monetary Policy Public Debt Negative Externality Open Market Operation
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- 1.TreasuryDirect Kids, “The History of U.S. Public Debt: The New Deal (1933–1936) to World War II (1939–1945),” www.treasurydirect.gov/kids/history/history_ww2.htm (accessed February 6, 2011).