Greg Mankiw Supports Charles Wheelan

Greg Mankiw supports Charles Wheelan for Congress:

http://gregmankiw.blogspot.com/2008/12/wheelan-for-congress.html

Here's an article from Charles Wheelan, summarizing his views:

http://finance.yahoo.com/expert/article/economist/26418

You'll notice that he lists Mankiw as his favorite economics blogger.

I wrote about Wheelan before on this blog.

Wheelan has an excellent book, Naked Economics. Great title, isn't it? There's no nudity, but it's a fun read, especially if you liked Freakonomics.

Charles Wheelan and the Fed Budget Deficit

Charles Wheelan, a Yahoo Finance columnist, is the author of Naked Economics, one of my favorite and most accessible economics books. Here's what he had to say recently:

If you want to know how bad this [debt] problem is likely to get, check out this alarming graph [above] from the Heritage Foundation based on data from the Congressional Budget Office. (Warning to parents: The graph is inappropriate for children -- not because it's pornographic, but because they'll realize how much your generation is totally shafting them.)

See http://finance.yahoo.com/expert/article/economist/98587?count=30&start=6#dtk-cmtscnt for more.

Bottom line: we're borrowing from many future generations to pay for obvious mistakes now. The U.S. dollar and our world image are suffering as a result.