The Democrats' Paranormal Economics

[Torie]

I hit the link due to the catchy title, expecting to find some silly and superficial partisan screed. What I found instead was a very dense economics treatise that I don't pretend to really understand on a granular level. But it does delve into the mystery of how the marriage of huge deficits and negative interest rates has had an amazingly long half life that has not yet ended in divorce. The fact that I don't really grasp how it all works, and have the ability to parse the degree to which the macroeconomic mechanics described in the article reflects reality, I suspect reflects more my own intellectual limitations, rather than the degree of the impenetrability of the content of the thesis itself.

https://lawliberty.org/the-democrats-paranormal-economics/

[Benjamin Frank]

This is the pretty much the only necessary reply to that article.  It's the first comment there:
Figure 3 shows that
Clinton becomes president in 1993 and over the next 8 years turns a deficit into a surplus
Bush 2 then becomes president, and turns it back into a substantial deficit
Obama then becomes president and over the next 8 years gradually reduces it
Then Trump becomes president and the deficit increases again.
Yet this becomes a story of Democrat indiscipline?

The only thing to add is that this is all just a cynical game to Republicans.  When a Republican is President 'deficits don't matter' when a Democrat is President, deficits are an all consuming problem.

This article is credible, the person who wrote it and the publication are not.