Bernanke's View of Fiscal Policy

by Cato Institute on Jan 8, 2014 | Views: 124 | Score: 1
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
Embed in your web page: (Preview)

Download image:

Please sign up or log in to comment
Cato Institute
Cato Institute on Jan 8, 2014 11:54 PM said:

Federal Reserve chairman Ben Bernanke stated that 'except for in 2009, we’ve had very tight fiscal policy'. In Keynesian economics, government deficits are stimulative while surpluses are “tight” or destimulative. Despite Bernanke's claims of tight fiscal policy, the following chart shows that in the four years after 2009, we had $4.4 trillion of federal deficit spending, or supposed Keynesian stimulus.