What is the Fiscal Cliff?
Matthew Martin 10/29/2012 08:25:00 PM
That's why I'm so shocked to see that a group of CEO's claiming that the main risk from decreasing the deficit is...spiking interest rates?!
As Krugman says, the risk from the fiscal cliff is all 100% Keynesian demand side stuff. If you don't think the government should be increasing deficits right now, or if you think that Keynesian theory is all wrong, then you should be applauding the fiscal cliff.