- The Keynesians win every argument, say notable economists, so why does fiscal policy refuse to budge?
- Paul Krugman | Global Austerity 'An Unethical Experimentation
- The terrible cost of Washington’s wars
- Earth to Washington: Repeal the Sequester
Jon Queally, Common Dreams
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Nobel Prize-winning economist Paul Krugman, professor of international trade and economics at Princeton University. One cannot "understand the influence of austerity doctrine without talking about class and inequality," he says. (Photographer: Scott Eells/Bloomberg)
Friday, April 26, 2013 | The last week has been a flurry of headlines decrying the complete and utter failure of the 'austerity experiment' across the globe, with an influential academic paper from Harvard economists becoming the poster-child not only of poor scholarship but also failed common sense.
As New York Times columnist and Nobel economist Paul Krugman notes in his Friday column,
Economic debates rarely end with a T.K.O. But the great policy debate of recent years between Keynesians, who advocate sustaining and, indeed, increasing government spending in a depression, and austerians, who demand immediate spending cuts, comes close — at least in the world of ideas. At this point, the austerian position has imploded; not only have its predictions about the real world failed completely, but the academic research invoked to support that position has turned out to be riddled with errors, omissions and dubious statistics.
Full story…
Related:
Paul Krugman | Global Austerity 'An Unethical Experimentation On Human Beings' Bonnie Kavoussi, Huffington Post
Sun, 02/10/2013 |
The terrible cost of Washington’s wars, Bill Van Auken, World Socialist Web Site <http://www.wsws.org>
- The vast resources wasted and the incalculable human suffering inflicted by the bloated US military and intelligence apparatus pose the urgency of building a genuine mass movement against militarism and war.
- Sequester Cuts
Apr 30, 2013 | Two weeks ago, a minority in the Senate filibustered a commonsense, bipartisan compromise that would expanded background checks so that most gun purchases would be covered.
Friday, 26 April, 2013 | Of Thursday's dedication of the George W. Bush presidential library, NPR 
March 27, 2013 | The plight of the Republican Party and its damaged brand are much in discussion recently. Republicans are in a state of despair over their loss in the 2012 presidential election and, as is always the case, debate among themselves about the reasons for their defeat. Despite the absence of polling or other data which might indicate a Mitt Romney victory, they had high hopes of defeating Barack Obama. They used every opportunity to undo and weaken his initiatives but they made the error of listening only to those within their bubble, and created needless enmity among enough white Americans to help Obama win convincingly.