The Mystery of Why Anybody Reads the Wall Street Journal Editorial Page
Liquidity Traps

Balanced-Budget Amendments, Automatic Stabilizers, and Fiscal Policy

A correspondent emails:

Mankiw is advising Romney and Romney is for a balanced budget amendment. Isn't that worth a little discussion on the Delong blog? Does Greg disagree with his candidate? Does his textbook?

Asked and answered: N. Gregory Mankiw, Principles of Economics:

Principles of economics  Google Books

Principles of economics  Google Books 1