With the 2010 mid-term elections approaching, time is running out for big spenders to force through new Keynesian measures and the New York Times is not pleased. A new report warns against the political fallout for Republicans who prioritize budget cuts over stimulus programs. There is limited value in the standard back and forth between competing lawmakers. Instead more economists should be permitted to debate the merits of new spending plans..
“Deficit Hawks” who are ambitious to roll back ...