
America’s Excessive Government Spending Must Stop
Feb 23, 2021 , et al. argue that US policymakers' fiscal recklessness is creating grave economic and national-security risks.
John B. Taylor, a former under secretary of the US Treasury (2001-05), is Professor of Economics at Stanford University and a senior fellow at the Hoover Institution. He is the author of Global Financial Warriors and co-author (with George P. Shultz) of Choose Economic Freedom.
Feb 23, 2021 , et al. argue that US policymakers' fiscal recklessness is creating grave economic and national-security risks.
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Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. But as US President Joe Biden’s proposed $1.9 trillion economic rescue plan works its way through Congress, it is not only Republicans who are asking whether providing too much fiscal stimulus could be just as risky as delivering too little.