Nothing like a military crisis to break the fetish for balanced budgets.
austerity
Posted inAmerica and the World
European Austerity Hobbled Its Response to Russia
Instead of hoarding budget surpluses after the financial crisis, the EU could have weaned itself off of Russian energy supplies.
Posted inPolitics
Democratic Inaction Will Lead Us Back to Austerity
Fiscal policy has reverted negative right when omicron is surging, and the Democrats are uncertain about where to turn for political success.
Posted inEconomic Policy
Beware Wall Street Democrats Calling for Austerity
We’ve heard this siren song before. Whose interests are they articulating?
Posted inEconomic Policy
The Next Austerity Battle Will Be Fought in the States
The federal government has stepped up spending in response to the coronavirus, but cuts still loom at the state level.
Posted inEconomic Policy
Beware of Austerity Demands Once the Immediate Crisis Passes
This is part of our economists roundtable on the corona crisis. The coronavirus is, above all, a public-health crisis, and the economic impact could be devastating. But before any of us even heard of COVID-19, our society and economy suffered from deeply-ingrained problems, starting with economic inequality, which this crisis will undoubtedly exacerbate. The need for […]
Posted inBooks
The Crash of Austerity Economics
Reality keeps contradicting the sponsors of economic pain, but they keep dispensing their perverse advice.
Posted inEconomic Policy
Kildee: Michigan Austerity Policies Doomed Flint
Anti-government mania is to blame for the city’s contaminated-water crisis, says Flint’s congressional representative.
Posted inAmerica and the World
Can Matteo Renzi Save Europe from Austerity?
The last best hope of Europe’s anti-austerity forces faces an uncertain future.
