Personally Prudent but Publicly Profligate: Reagan’s Generation and Budget Deficits

The article focuses on former U.S. president Ronald Reagan's generation and budget deficits. It says that the Great Depression and Keynesian ideology changed the generation of American's, in which Reagan controlled over the budget deficits that averaged over four percent of gross national product (GNP) annually. It adds that the experience of the Great Depression puts emphases on household budget balancing and collecting savings.

Find article at SpringerLink.