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East Asia's Dollars

Bibliographic Data

ID2131998
AuthorsR Taggart Murphy (corresponding author)
Year2006
Volume4
Issue8
Pages39-64
Publication date2006-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJapan focus (JOURNAL)
Journal identifiersISSN: 1557-4660 • E-ISSN: 1557-4660
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s1557466006005316
OpenAlexW86070344
LanguageEN
Citations received16

Americans have long been warned that running large, continuous deficits courts disaster. 'We are living on borrowed money and borrowed time', was the way Walter Mondale put it to the 1984 Democratic Convention, when the US government's cumulative deficit was some $7 trillion less than it is today. Three years later, a spate of cartoons and op-eds would depict the 1987 stock-market crash as a vicious hangover; the just deserts of a wastrel nation. The ever- accumulating deficits so frightened the first President Bush that he famously reneged on his 'read my lips' promise not to raise taxes. In 1992, Ross Perot launched the most successful third-party presidential candidacy since Eugene Debs by making the rivers of red ink his central campaign issue. Clinton's great boast was that he managed temporarily to close the government deficit, although the trade deficit continued to grow during his administration

Candidacy · Economic history · Economics · Political economy · Political science · Politics · Presidential system · Economic Theory and Policy · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Law

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Unique citing works16
Citations per year0,84
Citation span2007 - 2017 (11)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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