Back to: Opinion
September 4, 2013
Follow Opinion

Letter to the Editor: Does the GOP understand economics?

This is a response to Jim Clark’s column, “Do Democrats understand economics?”

Paul Krugman, a Nobel prize winning economist, is a Democrat, so I guess the answer to Mr. Clark’s question is “yes.” Mr. Krugman, and the great majority of economists, will tell you that the last thing a government should do in a recession is cut spending, and that if Obama has done anything wrong, it’s not spending enough.

Economists feel that spending cuts were a major factor in prolonging and deepening the Great Depression. So my question is, does Mr. Clark understand economics?

Jack Kashtan

Truckee


Explore Related Articles

Tahoe Daily Tribune Updated Sep 4, 2013 06:12PM Published Sep 4, 2013 05:06PM Copyright 2013 Tahoe Daily Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.