News
CNN Money | State pension headaches get more painful
States' pension problems are growing worse ... and all taxpayers will likely feel the consequences.
Econ Comments & Analysis
WSJ | Food Stamp Fiasco
The next time someone moans about Washington "austerity," tell them about the Senate's food stamp votes on Tuesday. Democrats and a few Republicans united to block even modest reform in a welfare program that has exploded in the last decade and is set to spend $770 billion in the next 10 years.
Real Clear Markets | Austerity? Now Krugman et al Tell Us
Speaking the day after President Obama said the private sector was doing fine but government layoffs were holding back the recovery, Krugman quoted John Maynard's Keynes' dictum, "The boom, not the slump, is the time for austerity."
Forbes | Fiscal Austerity And Public Policy
In public policy we’re usually offered a false fiscal choice which reflects an equally false ethical choice, viz. – the hedonism and prodigality of Keynesian stimulus schemes versus the asceticism and privation of Puritanical austerity plans. The former tends to bring national insolvency, the latter, economic degeneracy.
Market Watch | Fiscal cliff is closer than you think
The fiscal cliff may be six months away, but it is already affecting the United States economy.
Blogs
Economics One | The GDP Impact a U.S. Fiscal Consolidation Strategy
Three and half years ago, in February 2009, John Cogan, Volker Wieland, Tobias Cwik and I estimated what the impact of the 2009 stimulus package (ARRA) would be. Our estimates, obtained by simulating modern macroeconomic models, were much smaller than those of the Administration.
Café Hayek | Spanish austerity
In the current debates on fiscal policy in Spain—fallaciously expressed as a contest of austerity versus growth—it is often forgotten that during 2008 and 2009 the then socialist government implemented one of the biggest stimulus packages of all developed countries, comparable only to U.S. stimulus levels.
