Randall Wray and Mike Tanner Debate the Implications of the Federal Deficit

3 responses to “Randall Wray and Mike Tanner Debate the Implications of the Federal Deficit

  1. Excellent. Thank you for posting this.

  2. The key to the Cato view is that private use is always the most preferred and most efficient use of resources, as Tanner states. This is the fight- does the government do anything productive? Does regulation of the financial sector provide benefits both to the economy and to the society at large? Is spending on defense the only form of acceptable public good, or is fixing the medical "market" and instituting true insurance "productive"? Is old-age insurance just propping up parasites, or is it broadly beneficial to society?Only if one assumes at the outset that no public good is productive, and every private pursuit is necessarily "productive" could one defend the Cato position.

  3. I think both guys have correct ways to see the deficit, but they are not gonna find a solution due to the fact they are more interested to defense their points of view… Anyway, they must grow up and take a decision to help the entire country, and even the world, but they have to do it as quick as possible.