A Dangerous Experiment

Here is a take on the G20 commitment to cut deficits and reduce debt. David Leonhardt, not quite echoing Paul Krugman’s dire warnings, does set out the question with clarity.  Will the G20 deficit and debt targets lead to greater private sector confidence and spending to fill the space left by the end of stimulus … Continue reading

Fire! Fire! But where?

So we have entered the age of crisis and that means confusing times. As I have written before, stealing happily from Emanuel and Machiavelli before him, crises are destabilizing and therefore create opportunities for big debates and dramatic changes not normally possible. A few decades ago, Mancur Olson, the American economist and social scientist, wrote … Continue reading