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For the last four decades, mainstream economists and policymakers have been wedded to fixed dogmas. Their blind belief in fiscal discipline and consolidation, and resulting refusal to consider more public spending even in an obvious downturn, now threatens the very stability of societies.
project-syndicate.org
It was an Italian evening in late summer at the end of the previous decade, and I was having dinner outside in the shade of the Roman Colosseum—the emblem of a decadent Empire whose ruins were everywhere to be seen. One of my fellow diners, a young graduate student of Ancient History, suddenly made ...
quillette.com
For the last four decades, mainstream economists and policymakers have been wedded to fixed dogmas. Their blind belief in fiscal discipline and consolidation, and resulting refusal to consider more public spending even in an obvious downturn, now threatens the very stability of societies.
project-syndicate.org
It was an Italian evening in late summer at the end of the previous decade, and I was having dinner outside in the shade of the Roman Colosseum—the emblem of a decadent Empire whose ruins were everywhere to be seen. One of my fellow diners, a young graduate student of Ancient History, suddenly made ...
quillette.com