The Varying Impact of Austerity and Stimulus
While austerity has appeal as a way to reduce budget deficits, it can also depress an economy and reduce employment depending on how it is pursued, an economist writes.
View ArticleWhat Rule Should the Fed Follow?
Conservatives seem determined to try to bar the Federal Reserve from exercising judgment on monetary policy, asserting that it should focus solely on preventing inflation, an economist writes.
View ArticleConfusion About the Deficit
Because the American economy is operating far short of its capacity, the government should provide more stimulus, even if it increases the budget deficit, an economist writes.
View ArticleStimulus Even Republicans Can Support
Heading off scheduled cuts in military spending could appeal to both parties, and broadly defining such spending could make it a useful source of economic growth, an economist writes.
View ArticleA Keynesian Blind Spot
Government programs that ameliorate hardship also give people an incentive not to work, and Keynesians seem unable to acknowledge that, an economist writes.
View ArticlePoverty Should Have Risen
That poverty did not increase during the recession demonstrates that government policies were providing too much help and taking away incentives to work, an economist writes.
View ArticleThe Microeconomics of Poverty Since 2007
Available data shows clearly that benefits that help people in poverty undercut incentives for them to seek work, an economist writes.
View ArticleThe Trade-Off Between Economic Growth and Deficit Reduction
The extremely slow recovery from the recession would be dealt a deadly blow if a rigid austerity plan was imposed on government spending, an economist writes.
View ArticleThe Supreme Court and the Next Fiscal Cliff
More disputes, and more disruptive ones to the economy, loom despite the fiscal-cliff settlement, an economist writes.
View ArticleThe Labor Market Post-Budget Deal
The recently enacted budget compromise, which increased taxes and extended unemployment benefits, is unlikely to help the labor market this year, an economist writes.
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