Since Bob Bartley died, Ive been looking for a columnist who can make sense of economics for me. Irwin Stelzer, who writes for the Weekly Standard, does a good job of bringing common sense to the dismal science.
In this article, Stelzer raises the question
Do Deficits Matter? His answer is that the current deficit of some $400 billion probably doesnt matter that much since it is only 3% of GDP. He worries about the trade deficit.
I still miss my daily dose of Bob Bartley.