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NOTEBOOK – One Good Read: ‘Green economic pastures alongside rivers of red ink’ not a pretty picture


Here’s an interesting piece just posted on FiveThirtyEight that explains why the current federal deficit is unusual — and worrisome. As Boston Globe columnist Evan Horowitz writes: “We are following a path that the country hasn’t traveled since World War II, with green economic pastures alongside rivers of red deficit ink. And that combination carries unique risks — not because the numbers are especially large (during the early years of the Obama administration, the deficit regularly exceeded $1 trillion) but because these deficits provide unneeded stimulus, which can overheat an economy already operating near full capacity.” Read more

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