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

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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