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The Republicans’ Fake Budget Hawks

Summary:
Prof Jeffrey Frankel in this Proj Synd piece: With Donald Trump having departed the White House, many Republicans are suddenly rediscovering the dangers of budget deficits, after four years of conspicuous indifference. This was entirely predictable: for the last 45 years, the GOP has done the same thing every time a Democrat has won the presidency. He points to three political cycles where Republicans cried fiscal fears while in opposition only to do the opposite while in power. The 4th cycle is underway now… This entry was posted on January 27, 2021 at 1:40 pm and is filed under Discussion, Economics - macro, micro etc, Financial Markets/ Finance. You can follow any responses to this entry through the RSS 2.0 feed.

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Prof Jeffrey Frankel in this Proj Synd piece:

With Donald Trump having departed the White House, many Republicans are suddenly rediscovering the dangers of budget deficits, after four years of conspicuous indifference. This was entirely predictable: for the last 45 years, the GOP has done the same thing every time a Democrat has won the presidency.

He points to three political cycles where Republicans cried fiscal fears while in opposition only to do the opposite while in power. The 4th cycle is underway now…
Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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