Monday, August 22, 2011
Will the New York Times Publish These Results?
"NEW YORK -- The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced only or primarily through spending cuts.
The survey out Monday found that 56 percent of the NABE members surveyed felt that way, while 37 percent said they favor equal parts spending cuts and tax increases. The remaining 7 percent believe it should be done only or mostly through tax increases."
Where is the Keynesian consensus the mainstream press writes about?
On the day this survey was released, the New York Times published two interviews with fund managers (I guess they represent everyone) saying we need to spend more now and save later.