Senator Judd Gregg (R-NH), one-time Obama nominee for Commerce Secretary, wrote an excellent piece for the Washington Post that succinctly described Republican qualms about the proposed budget and their own alternative. Some highlights: “The president’s budget makes clear that a huge expansion of government is not just about today’s economic…
A Tale of Two Multipliers
Dr. Greg Mankiw, a self-described Keynesian and author of one of the most popular textbooks on Intermediate Economics, questioned the prevailing dogma that government spending is the most effective way to moderate the effects of a recession or even lead us down the path to prosperity in a blogpost in…