Does The Deficit Matter? : The Indicator from Planet Money Budget deficits used to be seen as a bad thing. Today, not so much...and some economists even say they don't really matter. What changed?

Does The Deficit Matter?

Does The Deficit Matter?

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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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