Nicholas Kristof files his latest defense of Keynesian economics from Athens, which is published in today’s New York Times. He is beginning to sound like — hold your ears — Paul Krugman. Mr. Kristoff argues in the very same space that Greek society is structurally broken and corrupt, and that its government should pour massive amounts of borrowed […]
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My wife watches Jon Stewart every night. It’s payback for, well, a lot of things. She mercifully tapes the show so she can watch it around me, generally while I’m punching out a last item for this page in an office off our bedroom. But I can hear the guy. His voice cuts through the […]
Read the rest of this entry »Tyrannically Extreme Radicals and Fanatics to Trim U.S. Borrowing by 7%
Added perspective on the debt ceiling deal emerging in Washington: If, indeed, a compromise is reached tomorrow to “cut” $3 trillion over the next 10 years — that is to trim the amount we are borrowing over the next decade by $3 trillion — the national debt in 2020 will be $21 trillion rather than $24 trillion, about […]
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