This Handbook deals with many aspects of public policy evaluation including methods, examples, studies, professionalism, perspectives, concepts, trends, substance, theory, applications, dispute resolution, interdisciplinary interaction and bibliographies. A rich variety of insights and alternative perspectives on systematic policy evaluation, as well as ideas and applications dealing with win-win policy evaluation are, brought together to create a unique resource in public policy evaluation.
Chapter 10: Another Win-Win Occurrence
Another Win-Win Occurrence
Economists (especially Keynesian economists) have argued that an expanding economy requires (or generally requires) deficit spending to stimulate the economy. If the government spends more than it taxes (an undesirable occurrence), than the gross national product (GNP) increases (a desirable occurrence).
Deficits are undesirable because they cause (a) government borrowing, which raises interest rates, which in turn hurts the economy; (b) inflexibility in needed government ...