Deficit financing Archives

Deficit financing

A Bit of Good News

by Jeff Madrick,

It’s dangerous to express optimism about the economy these days. Europe’s financial markets remain fragile. China, which supports much of the world’s economy through imports, is too dependent on highly…

Second Chance

by Thomas Frank,

Inauguration Day is upon us. And it seems like only yesterday that the colossal, overheating machinery of democracy, which had been running in high gear for almost two years, finally…

The Entitlement Crisis That Isn’t

by Jeff Madrick,

At September’s Democratic National Convention, Bill Clinton roused his party when he said that Republicans, having left Barack Obama with a “total mess,” were now complaining that the president hasn’t…

The Austerity Myth

by Jeff Madrick,

As economic adversity continues to spread, from Athens to Madrid, London to the Beltway, austerity has become a most dangerous idea. What now dominates the world is the popular theory…