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Feel No Pain: Why a Deficit in Times of High Unemployment is Not a Burden

  • Dean Baker

With the economy suffering from near double-digit unemployment, public debate is dominated by concerns over the budget deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the deficit at present, and more importantly, because it discourages action on the unemployment crisis that is devastating the country.

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Paper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2010-22.

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Length: 6 pages
Date of creation: Sep 2010
Date of revision:
Handle: RePEc:epo:papers:2010-22
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