The Radicalism of Today’s Austerity in One Chart | Economic Policy Institute.
Brazil, afire with urban protests: More than one million join Brazil protests – Americas – Al Jazeera English.
I’m finally getting around to reading Robert Kuttner’s great article on austerity and, more specifically, risk and moral hazard. The idea that government (and individuals) must be punished in order to shock them into “living within their means” is so ingrained in our national discourse that its proponents hardly need to articulate it any longer. […]
The sheen is starting to fade from the idea of austerity, and the U.K. is explicitly admitting as much. Cassidy claims that the U.S. has served as a “control” case, with the Obama Administration pursuing a Keynesian approach to Britain’s neoliberal one. I think that’s a debatable characterization of what the U.S. federal government has […]
A great piece from Martin Eiermann in the Huffington Post last month about the assumption (“myth”) that the welfare state (public spending, entitlements, etc.) is blamed for fiscal crisis at all levels of government. The same narrative prevails in U.S. politics, especially as we teeter over the “fiscal cliff.” Five years have passed since the […]