Slate Money
Money Talks: Philosophy of The Budget
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Overview
Felix Salmon and Barry Lam dissect budget deficit projections, revealing political strategies and philosophical dilemmas behind fiscal messaging.
Takeaways
  • Barry Lam connects budget deficit debates to philosophical concepts like baselines and induction, showing assumptions shape financial narratives and policy implications.
  • The Congressional Budget Office uses 'current law' as its baseline, but political actors, especially Republicans, prefer 'current tax rates' to reframe deficits and policy impacts.
  • Nelson Goodman and David Hume’s philosophical problems illustrate how the same facts produce radically different accounts, paralleling the shifting claims in budget debates.
Mind Map
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Chapters
  • This is a chapter‘s title.
    The Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of Change
  • This is a chapter‘s title.
    The Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of ChangeThe Fragility of Society and the Pendulum of Change
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