Yellen, a longtime deficit hawk, has made clear that the infrastructure investments should be paid for. That could prove hazardous to negotiations with Congress.
deficit
Posted inFirst 100
First 100: The Deficit Obsession is Back
As we close First 100, that old deficit hawkery threatens the promise of the Biden presidency.
Posted inCabinet Watch
BlackRock Executive Brian Deese Could Get Major White House Position
Deese’s views on the deficit and climate policy are at odds with national and planetary needs.
Posted inCabinet Watch
Will Biden Name a Deficit Hawk to Head OMB?
There is a big risk that he will—at a time when we need massive public investment.
Posted inTAP
Fiscal Follies in the Biden Campaign
Today on TAP: Biden shouldn’t listen to the usual deficit hawks
Posted inCoronavirus
Unsanitized: Protests Disrupt An Already Shaky Pandemic Trajectory
Plus, now is not the time for deficit hawkery. This is The COVID-19 Daily Report for June 2, 2020.
Posted inEconomic Policy
How the Corona Crisis Liberated Massive Public Spending: A Prospect Roundtable
Five distinguished economists comment on the role of deficits and debts in preventing a depression.
Posted inEconomic Policy
Deficit Lessons for the Pandemic From the 2008 Crisis
This is part of our economists roundtable on the corona crisis. Economics is sometimes defined as the science of scarcity. If resources are scarce, it would seem, a country can’t print money, give it to someone, without consequences: There will be inflation, and those receiving the money will get resources at the expense of others. […]
Posted inEconomic Policy
Debts and Deficits: What Are the Limits, and Why?
This is part of our economists roundtable on the corona crisis. Recent Headlines from The Financial Times: U.S. taps market for stimulus funds at historically low rates (April 3) How central banks beat back the ‘bond vigilantes’; unlimited bond buying has made it near impossible for investors to punish overspending (March 31) Fed sets up scheme […]
Posted inPolitics
Austerity Pete
Buttigieg settles on deficit hawkery as a closing argument in New Hampshire. It’s hard to think of a school of political thought with less credibility and less popularity.