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Surplus Mania: A Reality Check

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Author Info
L. Randall Wray ()

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Abstract

A federal government surplus has finally been achieved, and it has been met with pronouncements that it is a great gift for the future and with arguments about what to do with it. However, the surplus will be short-lived, it will depress economic growth, and, in any case, surpluses cannot be "used" for anything.

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 99-3.

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Handle: RePEc:lev:levypn:99-3

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  1. Eric Tymoigne, 2006. "The Minskyan System, Part II: Dynamics of the Minskyan Analysis and the Financial Fragility Hypothesis," Economics Working Paper Archive wp_453, Levy Economics Institute, The. [Downloadable!]
  2. Dimitri B. Papadimitriou & L. Randall Wray, 2003. "Understanding Deflation: Treating the Disease, Not the Symptoms," Economics Working Paper Archive 392, Levy Economics Institute, The. [Downloadable!]
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This page was last updated on 2009-11-30.

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