Balanced Budgets, Fiscal Responsibility, and The Constitution : (Cato Public Policy Research Monograph No. 1)

In this monograph, Professors Wagner and Tollison examine the important question of whether the United States should adopt a constitutional amendment requiring the government to balance its budget. Arguing that the government should be explicit and responsible about how much it spends and how it spends it, they determine that the balanced budget idea is fiscally sound and democratically necessary. Richard E. Wagner And Robert D. Tollison. Includes Bibliographical References.