Tag Archives: history

America has conquered its debt crisis with incredible speed

By Ambrose Evans-Pritchard12:06AM BST 24 Apr 2014 Americans are purging their excesses one by one. Spending by the US Federal government has seen the steepest drop as share of national income since demobilisation after the Second World War. Claims that … 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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Tinkerbell Economics and the Confidence Fairy

by Dan Alpert, Westwood CapitalFebruary 7, 2012 While we may be hours away from a partial (and certainly a stopgap) agreement in the talks among the Greek government, the troika and private sector creditors, it is doubtful that a deal will emerge … Continue reading

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Debt Ceiling Crises Post-Mortem

by Warren Mosler August 3, 2011 With the debt ceiling extended the risk of an catastrophic automatic pro cyclical Treasury response, as previously discussed, has been removed. What’s left is the muddling through with modest topline growth scenario we’ve had … 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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Why Monetary Stimulus Can’t Fix a Balance Sheet Recession…

… and Why Cutting the Deficit Will Make it Worse.   Economist Richard Koo explains why monetary easing by the Fed is innefectual and why deficit cutting by the Congress and individual States will make it worse. He expains why … Continue reading

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