Recommended: Galbraith: The danger posed by the deficit ‘is zero’

I have railed often enough about the dangers of the massive deficit that the government is accumulating, and in fact a good many others have done the same lately. But Ezra Klein has a piece in today's Washington Post worth reading. It is an interview with the University of Texas economist James Galbraith, who has an entirely different perspective on the problem. You can read it here.

I don't know that I find Galbraith's argument persuasive on first reading, but it is another point of view, and deserves careful attention if only because we humans are always susceptible to "groupthink", a widespread belief in an idea that is plausible, but wrong!