The Big Fiscal Stimulus Coming From The EU
Countries with very large current account surpluses like Germany and the Netherlands save too much and invest too little, risky when growth slows. Add to that negative yields, budget surpluses, […]
Who Is Actually Inconsistent About Deficit Spending? Not Paul Krugman
Some argue that Paul Krugman has flip-flopped on deficit spending. Closer inspection reveals that there isn’t much in this, his supposed love for deficit spending has always been conditional on […]
Self-defeating austerity?
Their argument is that in the current environment of near-zero interest rates, fiscal deficits are unusually cheap to finance and monetary policy is not going to move to offset much […]
BBC News – IMF: US budget cuts ‘ill-designed’
IMF: US budget cuts ‘ill-designed’ The International Monetary Fund (IMF) has urged the US to repeal the huge federal budget cuts introduced this year, denouncing them as “excessively rapid and […]
The Austerity Deniers – Seeking Alpha
At heart, the Keynesian analysis is remarkably simple. The private sector suffered large losses in wealth due to the housing crash. As a result, it reduced borrowing and spending and […]