G20 rules out fiscal expansion
June 07, 2010 at 07:39 AM EDT
G20 Says Expansionary Fiscal Policy Not Sustainable The G20 has dropped its support for fiscal expansion. The deficit hawks are prevailing. But why is that? We all either know or should know that operationally Federal spending is not constrained by revenues, as Chairman Bernanke stated last year, when asked on ’60 Minutes’ by [...]