All the President's Economists | Richard W. Rahn | Cato Institute: Commentary

All the President's Economists | Richard W. Rahn | Cato Institute: Commentary: "budget deficits will average nearly $1 trillion per year for the next decade. There is no school of economics (classical, Austrian, Keynesian, etc.) that says deficits of this magnitude for a decade or longer will not result in great economic hardship or worse. Greece, here we come."