Get full access to The Daily Beast for $1

SUBSCRIBE

Vernon L. Smith

Vernon L. Smith, a 2002 Nobel economics laureate, holds Chapman University’s Argyros Chair in Finance and Economics

articles/2010/07/19/please-no-more-government-spending/smith-deficits_114508_ec1pkm

Please, No More Government Spending!

Deficit "stimulus" is not the road to economic recovery. It's the problem, not the solution, writes Nobel laureate economist Vernon L. Smith, who grew up in Depression-era Kansas.

Vernon L. Smith

ADVERTISEMENT

GET THE APP
Subscribe
Log In
Newsletters
Podcasts
AboutContactTipsJobsAdvertiseHelpCode of Ethics & StandardsInclusionTerms & ConditionsCopyright & TrademarkPrivacy

© 2026 The Daily Beast Company LLC