Summary
Pres Bill Clinton's economic policy - Cover Story
Pres Bill Clinton's economic policy calls for increased public investment to reverse the prevailing economic decline. Economist David Alan Aschauer has forwarded the same idea in the late 1980s when he stated that adopting a policy which prioritizes public investment over private investment is an effective approach in revitalizing a dismal economy. However, his assumption was not supported by other economists. With the re-introduction of the idea, the American society can only hope for the success of Clinton's policy.See the full content of this document
Extract
Clintonomics: what's it going to be?
Is the new president rethinking federalism, and will there be a new "productivity agenda" for the states?
As a new administration gets under way and debate over its first budget proposal begins, many wonder what is in store for federal fiscal policy. What principles will govern the economic policies of the Clinton administration? In 1961 the Kennedy administration placed the policy levers in the control of young economists schooled in the principles of Keynesian demand management policy. They put this theory into practice with a set of tax cuts to "get the country moving again." In 1981 the Reagan administration adopted the philosophy of the "supply-siders" who prescribed sharp cuts in marg...See the full content of this document
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