Tag Archives: collapse

What’s holding back the recovery?

By Adam HershApril 30, 2014 Nearly five years since the start of the business-cycle expansion, the U.S. economy is still struggling to gain traction. Compared to the prior three U.S. expansions, going back to 1982, the economy is recovering at … Continue reading

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Federal Debt and Deficit Reduction are Junk Economics.

Deficit cutting is still, precisely, the wrong economic policy prescription in the current weak economy of high unemployment. Whether raising taxes or cutting spending, the effect is the same. It may reduce the deficit but it also removes stimulus in … Continue reading

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How Austerity Has Failed.

by Martin WolfThe New York Review of Books Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments … Continue reading

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Protectionism beckons as leaders push world into Depression

by Ambrose Evans-PritchardOctober 3, 2011 The world savings rate has surpassed its modern-era high of 24pc. This is the killer in the global system. It is why we are at imminent risk of tipping into a second, deeper leg of … Continue reading

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Economy Needs More Demand.

by Adam Hersh July 29, 2011 Three and a half years since the Great Recession began, the U.S. economy remains $56 billion, or 0.4%, below its pre-recession peak. Revised data show that the U.S. economy ground to a halt in … Continue reading

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Don’t Count on Hyperinflation Anytime Soon.

by Edward Harrison on nakedcapitalism.com April 8, 2011 I don’t like talking about hyperinflation because it veers into the fringe element of discussion. But, in the blogosphere you often hear vague references to it. So I thought I would take … Continue reading

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