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Entries by Marshall Auerback from 02/2010

The Deficit Myth: The Misconception That Could Derail the U.S. Economy

| Posted 02.02.2010 | Business

It is no coincidence that the budget surpluses of the Clinton years subsequently led to recessions: government budget surpluses ultimately restrict private sector demand and income growth.

Greece Signs Its National Suicide Pact

| Posted 02.11.2010 | World

Agreement has been reached in Europe on a "rescue" package for Greece. But it's no cause for celebration and the insanity of self-imposed budgetary constraints will be manifest to all soon enough.

Will We Have to Blow Up a Continent (Again) Before We Stop Wall Street?

| Posted 02.16.2010 | Politics

The experience of the past two years suggests that we have learned nothing and our political leaders seem determined, once again, to avoid dealing with the problem once and for all.

Deficit Hawks and the Fallacy of Fiscal Rectitude

| Posted 02.18.2010 | Politics

Almost daily, we are bombarded with assertions bordering on the theological that budgetary profligacy, escalating health care costs, and an aging population will inevitably lead to a day of "fiscal reckoning."

Memo to Greece: Make War Not Love with Goldman Sachs

| Posted 02.22.2010 | Business

Wall Street's banksters created this mess and are not only profiting from it, but are preventing recovery. That should provide justification for Greece's declaration of figurative war on Manhattan.