phantom surplus?
Brad De Long
delong at econ.Berkeley.EDU
Fri Jan 28 12:10:42 PST 2000
>[Max, is this right?]
>
>New York Times - January 28, 2000
>
>The Phantom Surplus
>By ROBERT D. REISCHAUER
Looks right to me...
Brad DeLong, who has just finished ranting at a WSJ reporter about
how the right baseline for spending grows at the same rate as nominal
GDP.
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