New York Times (October 11)
2011/ 10/ 15 by jd in Global News
The Times applauds economists Christopher Sims and Thomas Sargent, who were awarded the 2011 Nobel in economic sciences. “The prize committee has rewarded two towering intellects—and delivered a challenge to politicians who are driven more by ideology than by serious consideration of the real-world consequences of their actions.” In particular, the Times hopes politicians will recognize “two important approaches: near-term public spending to spur jobs paired with tax increases to pay for the new programs and, eventually, to reduce the deficit.”
Tags: Deficit, Economics, Jobs, Nobel, Policy, Politicans, Sargent, Sims, Spending
