iOS app Android app More
January 27, 2015

Why Stupid Politics Is the Cause of Our Economic Problems

The near-global stagnation witnessed in 2014 is man-made. It is the result of politics and policies in several major economies -- politics and policies that choked off demand. In the absence of demand, investment and jobs will fail to materialize. It is that simple. Demand is what the world needs most. The private sector -- even with the generous support of monetary authorities -- will not supply it. But fiscal policy can. We have an ample choice of public investments that would yield high returns -- far higher than the real cost of capital -- and that would strengthen the balance sheets of the countries undertaking them. The big problem facing the world in 2015 is not economic. We know how to escape our current malaise. The problem is our stupid politics.

Scott Walker Takes First Step Towards 2016 Bid

Scott Walker
Scott Olson via Getty Images

More Politics
Romney Ignores Facts.. Great News For Obamacare.. Benghazi Tensions.. Scott Walker Backs Down

Dem To Hold Off On Iran Bill -- For Now

Bob Menendez
Drew Angerer via Getty Images

Here's How Much You Have To Earn To Be In The 1 Percent In Each State


More Business
Big Legal Weed Win.. Uber's Cold Storm Pricing.. Bye-Bye McD's Items.. You OK Rupert Murdoch?

REPORT: Video Shows Patriots Employee Taking Balls Into Bathroom

Brady Belichick

More Sports
NFL 'Hypocrisy'.. Former Champs: Rethink Pot.. The 'Deflategate' Culprit.. Damning Study Of Pat's Past

Another Republican Governor Expands Medicaid

Indiana Medicaid Expansion
AP Photo/Michael Conroy

The Mormon Church Comes Out In Favor Of LGBT Rights -- Kind Of

Salt Lake City Temple

Stunning Victory Within Reach For Net Neutrality Advocates

Getty Images

Great News For Obamacare

Republic Day

House Dems Launch New Push For LGBT Rights

Capitol Building Rainbow
Brendan Smialowski via Getty Images

Jon Stewart Knows What Sarah Palin's REALLY Up To

Jon Stewart
Comedy Central

Yale Responds To Officer Holding NYT Writer's Son At Gunpoint

Charles Blow New York Times
David S. Holloway via Getty Images

Transgender Woman Killed In Possible Hate Crime

Tyler Police Department

Koch Groups To Spend Nearly $1 Billion On 2016

David Koch

New ISIS Video Appears To Show Japanese Hostage Kenji Goto

Kenji Goto
Anadolu Agency via Getty Images

'Only 24 Hours Left To Live'

Boehner Acknowledges GOP 'Stumbles'

John Boehner
Win McNamee via Getty Images

Roger Goodell's Season From Hell

Roger Goodell
Leon Halip via Getty Images

Closure On 'Deflategate' Unlikely Anytime Soon

Patriots Ball
Boston Globe via Getty Images

The Untold Story Of Male Sexual Assault On Campus

Emily Kassie

Newspapers Freak Out Over Winter Storm Juno

Nobody Move

CHAIT: Political Correctness Is 'Perverting Liberalism'

Jonathan Chait
Bryan Bedder via Getty Images

Skidding Car Just Misses NBC Storm Reporter

Stacey Bell

More Media
Couric Is Back.. Anchor's Heart-Wrenching Goodbye.. SI Layoffs.. Clinton 'Gatsby-Like'.. NYT On 9/11

Exonerations Of The Wrongfully Convicted Hit Record High

JEWEL SAMAD via Getty Images

Ex-Army Sex Abuse Prosecutor Found Guilty Of Rape

Army Prosecutor

Fidel Castro Apparently In Support Of U.S.-Cuba Diplomacy

Fidel Castro

More WorldPost
Fierce Fight.. Francis Asia Focus.. Obama's In India.. Point Of No Return?.. 'Greek Plan'.. 70 Years On

At Least 8 Killed In Libyan Luxury Hotel Attack

MAHMUD TURKIA via Getty Images

Intimate Portraits Pay Tribute To Auschwitz Survivors


Angelina Jolie: We're 'Failing' Millions Of Refugees In Iraq, Syria

Angelina Jolie
Handout via Getty Images

More Impact
Fannie Mae Helps Homeless.. Vet Set On Fire.. Poor Relocated For Pope.. Poverty Solution

Select Committee To Investigate Benghazi May Be Falling Apart

Trey Gowdy And Elijah Cummings
Bill Clark via Getty Images

Gay Alabama Lawmaker Threatens To Expose Colleagues' Infidelities

Patricia Todd

#UseMeInstead: Clergy Give Selfies To Police To Use For Target Practice

Twitter Hashtag
zakokor via Getty Images

More Religion
Saudi King's Religion.. Spiritual LIstening.. Least Bible Cities.. Moderates vs Extremists.. Art As Spirit

Melissa Rivers Files Malpractice Lawsuit In Mother Joan River's Death

Melissa Rivers Joan Rivers
Star Max/IPx

Aer Lingus Backs IAG Takeover Bid

Aer Lingus
Bloomberg via Getty Images

Police: Gunman Opens Fire Inside City Hall, Injuring 2 Officers

Police Car Lights
Alex_Schmidt via Getty Images

More Crime
Helicopter Crash.. Missing Woman.. Teacher Shames Sex Victims.. Convict Can't Remember Crime.. Rikers

17-Year-Old Girl Shot Dead At Texas Police Station

Kristiana Coignard
Kristiana Coignard

U.S. Announces Charges In Russian Spy Ring Case

Yevgeny Buryakov

Accused Spy Wanted To Know How To Trigger A Financial Meltdown


    1. HuffPost
    1. HuffPost
    1. HuffPost
    2. View all RSS feeds

Benedict Cumberbatch Apologizes For Race Comments

Bendict Cumberbatch
Joel Ryan/Invision/AP

More Entertainment
Sundance Buzz.. Cosby Allegation.. blink-182 Troubles.. 'Lion King' Secret.. 'Fantastic' Trailer..

Why A Healthy Sex Life Is Integral To Weight Loss

Tetra Images via Getty Images

More HuffPost Live
'Big Bang Theory'.. Pete Wentz.. Get A Scholarship To Play Video Games.. Keith Urban's Parenting

Want To Be Happy? You Only Have To Do 1 Thing. Over And Over.

Michael Marquand via Getty Images

WATCH: Rashida Jones Corrects Reporter About Her 'Very Tan' Look

Rashida Jones

More Black Voices
Kid President.. Diversity On TV.. Reclaiming MLK.. Viola Davis.. Fired Over Natural Hair?

Dating App Sees Record Numbers During Snowstorm

Hinge Blizzard

Kim Kardashian's Super Bowl Commercial Is All About Her

Kim K Super Bowl

More Celebrity
Pamela Gets Honest.. Chrissy & John Photos.. KStew News.. Red Hot Kate.. Kim Talks Bruce Jenner

Bacon Prices Are Falling


'Eat, Pray, Love' Author's Advice On Heartbreak Is Just About Perfect

Elizabeth Gilbert
Mat Hayward via Getty Images

More Divorce
Man Live Blogs Affair.. Insane Divorce Reasons.. Life As A Poor Single Mom.. Dating A Single Dad

Here's A Science-Backed Guide To De-Icing Your Driveway

Spreading Salt Ice

More Science
'Deflategate' Explained.. King Tut Catastrophe.. Circumcision & Autism Linked.. Doomsday Clock Reset

And The Best Job In America Is...

Physician Assistant
Chris Ryan via Getty Images

6 Things I Wish I Knew Before Getting A Dog

Tudor Costache

More Green
Warmer Oceans.. Diesel Spill.. New York Snow.. Low Oil Prices.. Exxon Penalty.. Pit Bull Law.. BP Spill


Michelle Obama
SAUL LOEB via Getty Images

More Style
Dress Barn Makeover.. The Next 'It' Bag.. 11 Habits Of Insanely Fashionable People.. How To Tie A Tie

8 Things You Didn't Know About Color That Almost Seem Too Ridiculous To Be True


More Arts
Female Photographers.. Prima Ballerina Secrets.. Studio Hacks.. Tallest New Buildings.. Best Street Art

Super Bowl Recipes You Can Make In Your Slow Cooker

Slow Cooker Super Bowl
How Sweet It Is

More Taste
National Chocolate Cake Day.. Super Bowl Recipes.. Leftover Chili Dishes.. Dinner Games.. Sliders

Neil deGrasse Tyson & NFL Football Maker Call Bull On Bill Belichick

Frederick M. Brown via Getty Images

Guy Does Doughnuts With Snowplow, Handles Blizzard Brrriliantly

Scott McClellan/Vine

More Good News
90-Year-Old Goes To School.. Epic Dance.. Incredible Middle-Earth Sketch.. Dying Dog's Bucket List

Watch A Sneak Peek Of The New 'How To Get Away With Murder'

Viola Davis How To Get Away With Murder
Mitch Haaseth via Getty Images

More TV
New Netflix Villain.. Larry David.. SAG Winners.. 'Parks & Rec'.. 'Full House' Reunion.. 'AHS' Rankings

French Parents Forbidden From Naming Their Child 'Nutella'

Justin Sullivan via Getty Images

More Parents
Kid President.. Tweets.. Free-Range Parenting.. How To Win At Life.. A Reminder Not To Judge Parents

Jane Fonda: 'We Have To Shame The Studios For Being So Gender-Biased'

Jane Fonda
Mat Hayward via Getty Images

More Entertainment
Sundance Buzz.. Cosby Allegation.. blink-182 Troubles.. 'Lion King' Secret.. 'Fantastic' Trailer..

Once Classified UFO Files Now Searchable Online

RareTV / YouTube

Working From Home Is Good For You And Your Boss

Work From Home
Morsa Images via Getty Images

More Healthy Living
Resilient People.. Giving Up Tampons.. Say 'No'.. 'I Lost 300 Lbs'.. IUD.. Snow Shovel Workout

Auschwitz Survivor: Being Alive Is The Best ‘Revenge'

Debbie Hill/USA Today

Dropkick Murphys To Scott Walker: 'We Literally Hate You'

Scott Walker
Scott Olson via Getty Images

Stuck Inside? Enjoy This Hilarious Collection Of Snowstorm Fails

Snow Fail

More Comedy
7 Snow Storm Charts.. Louis C.K. On #DeflateGate.. Muppets Rap Mashup.. Backstage 'Conan' Pics

15 Do's And Don'ts For Posting Online Dating Photos

Older Woman At Computer
Szepy via Getty Images

More Fifty
Travel To Cuba.. Advice For Parents Of Young Kids.. 25 Life Hacks.. Helen Mirren.. Cosby Update

When It Comes To The Best Cup Of Coffee, Timing Is Everything

Own Ownshow Michael Phillips Coffee Timing Tips

More OWN
Winter Workout Mistakes.. 'Not Black Enough'.. Secret To Finding Your Purpose.. Healthy Canned Food

4 Ways To Stay Warm Without Raising Your Electric Bill

Staying Warm
Elenathewise via Getty Images

More HuffPost Home
Best Projects To DIY.. Coziest Cities.. Sofas For Different Lifestyles.. Hook Hacks.. Buying Art

'Selma' Team Reunites For Hurricane Katrina Movie

Ava Duvernay
Jordan Strauss/Invision/AP

More Entertainment
Sundance Buzz.. Cosby Allegation.. blink-182 Troubles.. 'Lion King' Secret.. 'Fantastic' Trailer..

Doctor Sleeps In Haunted House To Prove You Can Get A Great Night's Sleep Anywhere

Haunted House Sleep
David Trood via Getty Images

More Healthy Living
Resilient People.. Giving Up Tampons.. Say 'No'.. 'I Lost 300 Lbs'.. IUD.. Snow Shovel Workout

10 Things To Do During Takeoff Now That SkyMall Is Bankrupt

More Travel
Greece's Best Beaches.. Europe NOW!.. Quietest Place.. Coolest Subway Stations.. Adults-Only Resorts

How To Protect Your Digital Footprint

Secret Court Ruling Prism

WATCH: Student Allegedly 'Body Slams' Teacher Who Took Cell Phone

Body Slamming Teacher

Use This Simple Breathing Trick To Fall Asleep (Almost) Instantly

Cant Sleep
KatarzynaBialasiewicz via Getty Images

What Happened When My Husband And I Tried A '50 Shades Of Grey' Sex Scene

Couple Sex Bed
MilosStankovic via Getty Images

More Weddings
Hot Wedding Trends.. Women Proposing.. Don't Say This.. Emotional Grooms.. Wedding Crashers


Stupid Men