Bill Gates jumps into keynsian stimulus / Deficit Reduction debate -on the side of deficit reduction through spending cuts and higher taxes.
I admit my intuition is that the DeLong/Romer camp of macroeconomists is right, and the Deficit reductionists are either dumb or pandering to the dumb.
So I'm kind of surprised by Bill Gates' stance here. Is it good faith? I can't think of many bigger beneficiaries of the US getting its policy right than young, pinnacle wealthy Bill Gates. So is he promoting a policy that increases future instability? It's not just that he's being quiet about promoting for Keynsian stimulus to avoid stigma or to avoid tainting the idea -he's actively promoting deficit reduction in a way I think keynsians would think of a pro-cyclical.
What are your thoughts?