This comes from one of my favorite economics blog run by a broad spectrum of Economists all interested in shaking up their field. Professor Black of UMiss-KC takes the NYT correspondent Jackie Calmes to task for her continued misunderstanding and misrepresentation of post-crash economics: "Jackie Calmes’ “Dirty Secret” about the Opponents of Austerity is that they are Correct"
Link: http://neweconomicperspectives.org/2013/11/jackie-calmes-dirty-secret-opponents-austerity-correct.html#more-6929
What does everyone else think? Is Black correct in his assessment of austerity's inefficacy, or does Calmes actually have a point?
How do we eventually pay down the massive debt we accumulate?
ReplyDeleteI think the idea is to get to a more reasonable amount, no one is for completely getting rid of the deficit. But you do ask a good question, HOW?
DeleteIm not sure how I feel about this article to be honest.
ReplyDelete