Tag: Expansionary Austerity Myth

Perhaps not for the reasons you think.  While high national debt correlates to low levels of growth, it may not be for reasons that politicians suppose.  A new paper by Ugo Panizza and Andrea Presbitero say many policymakers are misunderstanding what’s really going on with debt and growth.  The mechanism by which…

One of the grand lies that conservatives like to tell Americans is that “We’re becoming just like Greece.”  Without going into a lot of economic detail here, if you believe the MMT economists are right (I do), there is no possible way for America to “go broke” in the way…