Re: Bush busts Social Security with massive deficits
From: William F Hummel (wfhummel_at_comcast.net)
Date: 10/03/04
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Date: Sun, 03 Oct 2004 20:50:45 GMT
On Sun, 03 Oct 2004 19:00:51 GMT, Igor <jjweatherby@houston.rr.com>
wrote:
>Look at Robert Barro's work to see what the effects of budgets are in
>the long run. Barro has a model of growth that shows deficits do not
>matter. Sala-i-Martin has also tested this empirically. Deficits have
>little to no effect on long run growth. Let me explain again that growth
>means per capita GDP growth which is what matters.
Barro is an embarrassment to the economics profession.
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