If you think about thrift as a moral quality, it’s easy to understand why Republicans have gotten things so wrong in terms of macroeconomic policy over the past few years
Curious CapitalistEconomy & Policy
austerity
Curious CapitalistEconomy & Policy
Italy’s Political Mess: Why the Euro Debt Crisis Never Ended
Updated: Feb. 26, 2013 at 11:45 a.m. EST
Over the last few months, Europe seemed to be proving its doubters wrong. Thanks to a timely intervention by European Central Bank President Mario Draghi in mid-2012, yields on Spanish …
The Recession in Pictures: America Copes with a Stagnant Economy
Economist Kenneth Rogoff says we shouldn’t call what happened to America in 2008 and 2009 a “Great Recession,” because it understates the true nature of the crisis. Recessions are frequent events from which we can quickly …
Who Should Pay More in Taxes?
Perhaps the affluent should pay more income tax, but the middle class will end up footing most of the bill – because that’s where the real money is.
In Depressed Athens, a Money Museum Tries to Turn the Tide
As the people of Greece anticipate an even deeper slump and a possible abandonment of the euro, the central bank unveils a museum chronicling the history of money. This is what passes for financial education.
Arthur Laffer’s Anti-Stimulus Curve Ball is a Foul
Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put the kibosh on future plans for government stimulus. Laffer, who had his heyday back in the Reagan years, …
Why Thursday’s Euro Summit Really Is a Make-or-Break Moment. Really.
Once again, leaders of the 27 European Union nations are holding a crisis summit meeting to tackle a spreading economic crisis and shore up the floundering euro. Once again there are ambitious proposals on the agenda of the …
Why Spain’s Big Bank Bailout Is Really a Big Bust
Spain’s banks received a pledge for a huge rescue package from the European Union over the weekend. But some experts believe the bailout may end up causing more pain for the Spanish government in the long run
European Voters Have Rejected Austerity—So What Happens Next?
Ballot Box Breakdown: How Europe’s Elections Will Heat Up the Debt Crisis
There have been many flaws in Europe’s strategy to resolve its ongoing debt crisis: The unreasonable obsession with austerity. The persistent reluctance to commit sufficient financial resources. The stubborn rejection of …
Spain’s Death Spiral and the Hypocrisy of the Euro
Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be …
Why Portugal May Be the Next Greece
The worst is over for the euro zone, the experts say. But Greece isn’t really fixed and Portugal could become a second big problem before year-end
