Blog on the Run: Reloaded

Thursday, October 18, 2012 6:56 pm

Our terrible, horrible, no-good, very-bad news media and the deficit; or, Don’t point that gun unless …


Economist Dean Baker:

In the middle of a steep recession, any measure that reduces the deficit will cost jobs. That is because it will reduce demand. If anyone wants to see a lower deficit in 2013 (certainly the Post does), then they want to throw people out of work.

This is sort of like pulling the trigger on a gun pointed at someone’s head. Presumably this is not done unless the desire is to see the person dead.

 

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