So, like Paul Krugman, Martin Wolf, and others, I would expand fiscal deficits, not try to shrink them. I advocate this for the old-fashioned Keynesian reason that we are suffering from a deficiency of aggregate demand, that the multiplier is positive, and that the most effective way to reduce the private and public debts a year or two down the line is by taking steps to boost growth in national income now.
所以正如保罗·克鲁格曼（Paul Krugman）、马丁·沃尔夫（Martin Wolf）和其他人一样，我会支持扩大财政赤字，而不是缩小。我之所以提倡这种政策，是出于老式凯恩斯主义的逻辑——我们当前的总需求不足；财政乘数是正的；当前一两年内减少私人和公共债务最有效的方式是采取措施提高国民收入增长。