Budget deficits used to be regarded as a universal evil. A big deficit was bad--economists and politicians on both sides of the aisle agreed. But today, people don't seem so bothered by the budget deficit. Some economists even say deficits don't really matter and we should feel pretty free to rack up as big a deficit as we like.
On today's show, Stacey talks with Jason Furman of Harvard's Kennedy School about budget deficits, and why some kinds of deficit are better than others.
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