Cutting that much from state spending would be ``a major drag on the economy,'' Janet Yellen, another Berkeley economics professor, added in a conference call with reporters.
Wouldn't you love to have this econ professor teaching your kids? State spending makes the economy run, taxpayers are merely slaves. She should be shipped back to Russia.
The person is quite correct. If you don't believe it, just go to http://junkeconomics.com for the proof.