The Economic Role of Government: Focus on Stability, Not Spending
Campbell, Karin A.
American Heritage, Backgrounder #2316, September 17, 2009, 6p
"Is there a role for government in the economy? Yes, says Heritage analyst Karen Campbell—but the government must focus on maintaining economic stability. Fiscal responsibility is an important part of that stability. Government debt can quickly become a burden on the economy and weaken its foundations. Sound macroeconomic policies enhance the credibility of the government and strengthen the political institutions. This credibility is vital for economic stability and Americans’ long-term investment decisions that allow the U.S. economy to flourish."
Karen A. Campbell, Ph.D., is Policy Analyst in Macroeconomics in the Center for Data Analysis at The Heritage Foundation.
Go to the paper at:
http://www.heritage.org/Research/Economy/upload/bg_2316.pdf
B11/04-09 Posted November 6, 2009
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