Abstract

Democratic Economics: Austerity vs. Jobs and Justice
Bowles, Samuel | April 16, 1988 issue

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There are some good reasons for the Democrats' reluctance to unfurl theft traditional Keynesian banner. As French President François Mitterrand discovered in the early 1980s, the attempt to spur economic growth by expanding the domestic demand for goods and services can backfire in an open and competitive global economic environment. The Democratic candidates have theft own political reasons for avoiding the issue of economic growth. Recession may be postponed until after the November elections, through some combination of luck and Federal Reserve legerdemain, making it harder to attack the Administration's record on economic expansion.

See Also:

ELECTIONS; POLITICAL campaigns; ECONOMIC development; PRESIDENTS -- United States; ECONOMIC indicators; UNITED States
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