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The Great Deficit Scare and Other Economic Myths by Robert Eisner,

The Great Deficit Scare and Other Economic Myths by Robert Eisner,
American politics often seems to be focused on three deficits, real and potential: the federal budget, the Social Security Trust Fund, and the trade balance. Robert Eisner, past president of the American Economic Association, explains why this is an unhealthy situation as well as a source of much misunderstanding. He argues that simply looking at the raw numbers creates misimpressions about the country's real economic situation, as well as provoking potentially damaging ideas for "remedies." Eisner points out that Social Security Trust Fund deficits can be "fixed" by simple changes in accounting procedures or funding requirements. And America's trade deficit will not bankrupt the country--servicing America's foreign obligations will take only a tiny share of its national wealth. As with any other loan, Eisner reminds us, it is what deficits are spent on that counts: tax cuts or investments in education, research, or the nation's capital stock. Eisner maintains that the economic dragons the American nation should be attempting to slay do not entail mythically measured budget or current account deficits. The real economic troubles that America faces are those of poverty, income inequality, and a failure to invest in human capital and public infrastructure.



Tax Policy & the Economy by Lawrence H. Summers, X
Tax Policy & the Economy by Lawrence H. Summers, X
The "Tax Policy and Economy series presents new research bearing on the effects of taxation on economic performance and analyzing the effects of potential tax reforms. Research results are, presented in a timely and accessible fashion.Volume 4 includes contributions by Glenn Hubbard, Lawrence Goulder, Lawrence Summers, Daniel Feenberg, and Eytan Sheshinski.Lawrence H. Summers is Professor of Economics at Harvard University and Research Associate at the National Bureau of Economic Research.



National Bureau of Economic Research - The National Bureau of Economic Research (NBER) is a "private, nonprofit, nonpartisan research organization" dedicated to studying the science and empirics of economics, especially the American economy. It is "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.

Swedish National Institute of Economic Research - The Swedish National Institute of Economic Research (Konjunkturinstitutet, KI or NIER) is a government agency in Sweden responsible for economic analysis and forecasting. The NIER is publically funded, although it does accept a small number of private commissions.

David Blanchflower - David Blanchflower is a tenured economics professor at Dartmouth College. He is a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Studies at the University of Munich as well as the Institute for the Study of Labor (IZA) at the University of Bonn.

Dalton Conley - Dalton Conley (born 1969) is an American sociologist and professor of sociology and public policy at the New York University. He is also adjunct professor of community medicine at Mount Sinai School of Medicine and a research associate at the National Bureau of Economic Research.



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National Social Science Association - National Social Science Association Encyclopedia of Social Welfare History in North America The Encyclopedia of Social Welfare History in North America is a unique reference work that provides readers with basic information about the history of social welfare in Canada, Mexico, national social science association and the United States. The intent of the encyclopedia is to provide readers with information about how these three nations have dealt with social welfare issues, some similar across borders, others unique, as well as to ...

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