Sunday, 30 November 2014

John Quiggin nails it

John Quiggin today nails the 'debate 'about the budget deficit.

I am unsure why so many people wish to impart a contractionary budget on a weak economy.

It doesn't make sense.  The OECD agrees. so does the Kouk

What needs to done is a plan to get back to trend preferably above trend nominal GDP growth.

If this occurs then the budget will be in balance!