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Search by topic:   07679. DOES SOUND ECONOMIC POLICY REQUIRE A BALANCED FEDERAL BUDGET? Pro and con discussion, looking at historical roots of attitudes before Keynes; Keynes contribution and the postwar "countercyclical" orthodoxy; how economic problems of l970s have brought new attitudes symbolized by Paul Volcker, Martin Feldstein, Helmut Schmidt, and Arthur Burns: deficits do contribute to inflationary psychology and high interest rates which impede recovery. Conclusion: small countercyclical deficits OK, but large persistent deficits are a real problem. 8 pages, 19 footnotes, 11 bibliographic sources.   $56 Copyright 2002 Academic Research Papers Associate Term Paper Sites: Academic Research Papers Academic-Research-Papers Research Central Term Paper Assistance