Finding Religion on “Crowding Out” - InvestingChannel

Finding Religion on “Crowding Out”

Here’s Paul Krugman on a recent IMF report which says that government deficits don’t necessarily “crowd out” private investment: The false belief is that government deficits necessarily “crowd out” investment, so that reducing deficits should free up funds that lead to higher investment. Not so, says the IMF: when governments introduce deficit-reduction measures, investment falls… Read More

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