15min chapter

"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong cover image

PODCAST: Hexapodia LIII: Rule #1: No Schmittposting!

"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong

CHAPTER

The Government Budget Constraint and Austerity

This chapter discusses the impact of the government budget constraint on fiscal policy, highlighting the potential for austerity in the long run. It also examines the Clinton administration's efforts to control the budget deficit and emphasizes the importance of high investment and productivity growth. The chapter concludes with a discussion on picking an industrial policy lane and the dishonesty of some rhetorical opponents.

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