An Outstanding and Non-Partisan Look at the History of US Budget Deficits

That’s what historian Rick Shenkman presents here. It makes me feel good that someone as sharp as Shenkman is, nonetheless misses grammatical errors just as I do when I blog. Kidding aside, this article is worth the few minutes it’ll take you to read it: It provides some good basic economics while putting the events it chronicles in context.

[This has been crossposted at my personal blog.]