Here are 2 articles about fiscal deficit. They take different views but they are being said in different contexts and are meant for different kind of economies.
Business Standard about India's budget
Paul Krugman in NYTimes on Fiscal Scare Tactics
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Something unrelated: Is Solar power picking up? Here is a NYTimes blog on it.
2 comments:
Yeah its one of those debates with enough economists on both sides of the table. I think the deficit by itself doesnt say much. It is the reason for incurring the deficit that matters. We need capital investments in infra etc and if that runs up a deficit its fine. Plus all the stimulus from last year is bound to reflect in the deficit.
Yep Agree with you.
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