Restoring Fiscal Order in the United States (Project-Syndicate)

The United States’ federal budget deficit is currently projected to explode, increasing the federal debt to unprecedentedly high levels. A very gradual fiscal consolidation, with federal spending as a share of GDP declining slightly each year, would both raise economic growth and create a more resilient economy.

https://www.project-syndicate.org/commentary/restoring-fiscal-order-in-united-states-by-john-taylor-5-2020-01

John B. Taylor is Professor of Economics at Stanford University and Senior Fellow at Stanford’s Hoover Institution. His most recent book (with George P. Shultz) is Choose Economic Freedom.

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