Books
The Deficit Delusion
Why Everything Left, Right, and Supply-Side Tells You About the National Debt Is Wrong
John Tamny
About the book
Why do investors keep lending to Washington? Tamny approaches the national debt through the government’s access to present and future tax revenue. He challenges remedies from the left, right and supply-side tradition that seek to improve the Treasury’s finances without addressing that underlying access to wealth.
The distinction matters to his argument: confidence that a debt will be repaid does not tell us what economic opportunities are lost when government consumes the resources. Read alongside the debt guide and his continuing columns on borrowing, spending and revenue.
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