Why macroeconomic overheating was not the problem and austerity is the wrong cure.
Josh Bivens
Josh Bivens is the director of research at the Economic Policy Institute. He is the author of Failure by Design: The Story Behind America’s Broken Economy (EPI and Cornell University Press, 2011) and Everybody Wins Except for Most of Us: What Economics Teaches About Globalization (EPI, 2008).
Posted inEconomic Policy
To Tame Public Debt Without Austerity, Reduce Inequality
This is part of our economists roundtable on the corona crisis. Robert Kuttner is right that a growing share of economists is (finally) getting more evidence-minded about the effect of public debt. These economists have seen that the large increase in the ratio of debt to GDP in the past decade failed to boost interest […]
Posted inEconomic Policy
How to Combat the Coronavirus Recession
It is time to get serious about the economic policy response.
Posted inEconomic Policy
Why the Search for the New York Federal Reserve’s Next President Is a Big Deal
Their stakeholders include the whole country—not just Wall Street.
Posted inMoney, Politics, and Power
Janet Yellen Can Still Serve on the Fed Board
She may no longer be the chair, but she’s still a member—and could be a force for good.
Posted inEconomic Policy
Missing Workers: What the Unemployment Rate Isn’t Saying About the Recovery
How complete is the recovery from the Great Recession? Look to wages, not the jobless rate.
Posted inMoney, Politics, and Power
The Five Most Terrifying Things about the Sequester
The optimal way forward is clear: repeal the sequester, full stop.