How to (Really) End This Depression: a Response to Paul Krugman

In the May 24 New York Review of Books, Paul Krugman writes, “The truth is that recovery would be almost ridiculously easy to achieve; all we need is to reverse the austerity policies of the past couple of years and temporarily boost spending.” He continues, “… The strong measures that would all go a long . . . → Read More: How to (Really) End This Depression: a Response to Paul Krugman

Deficit Hawk, Progressive Style, Part II

As I wrote in Part I, the deficit hawks legitimately claim that huge deficits will hinder investment and kill jobs. But their solutions would make matters worse. What are those solutions? What are alternatives? A leading hawk, C. Fred Bergsten of the Peterson Institute for International Economics, proposes three control measures: containing Medicare and Medicaid . . . → Read More: Deficit Hawk, Progressive Style, Part II

Deficit Hawk, Progressive Style, Part I

Deficit hawks are justifiably concerned about ballooning national debt. But their solution–cutting social spending–would make matters worse. . . . → Read More: Deficit Hawk, Progressive Style, Part I