by Patrick Appel
Josh Barro fears a Romney-Ryan administration would threaten the recovery by implementing austerity measures too quickly:
What worries me most about Ryan is that he is a true believer in immediate fiscal and monetary austerity. In the House, Ryan has been a leading advocate of near-term spending cuts to shrink the deficit. Ryan responded to the second round of quantitative easing by accusing the Federal Reserve of “debasing the currency” and raising fears about inflation. I can imagine Ryan being a good partner for Romney on long-term fiscal policy. But on short-term policy — probably the more important issue — any advice he is likely to give Romney is bad.
Relatedly, Ezra Klein argues that Ryan isn't primarily a fiscal hawk:
[T]he real north star of Ryan’s policy record isn’t deficits or spending, though he often uses those concerns in service of his agenda. It’s radically reforming the way the federal government provides public services, usually by privatizing or devolving those public services away from the federal government.
The Dish 