Economists as a whole do tend to be politically conservative. Probably not as conservative as what people believe when they hear the likes of Pete Peterson, Robert Lucas, [and] Milton Friedman; those individuals are really outliers. Most economists are not that far to the right, but they do tend to be politically conservative and they worry about a government that is getting too big and too powerful and so they want to constrain it. If you say that the federal government actually doesn’t face a financial constraint; that it faces other constraints, but not a financial constraint, most economist are worried the population as a whole might exercise democracy and demand the government provide more. So I think that’s a big part of the reason L. R. Wray..
Posted on: Wed, 23 Apr 2014 14:15:22 +0000
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