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The Half-Forgotten Debt Crisis

David Coates | Posted 07.25.2013 | Politics
David Coates

The attention span in Washington, D.C. these days is remarkably short, and multi-tasking is something at which Congress seems particularly inept. So right now the focus there is overwhelming on just one thing: scandals, while the real business of the American people goes largely unexamined.

The Biggest Big Government Spending of All

Steven Conn | Posted 04.10.2013 | Politics
Steven Conn

For 30 years now, enormous defense spending has made a lie of the conservative agenda to shrink government and balance budgets, though those conservatives don't quite seem to realize it.

Angus Burgin and the Power of Free-Market Persuasion

Robert Teitelman | Posted 01.28.2013 | Home
Robert Teitelman

If neoliberalism is the spirit of the age, then what if we have landed in a new age? Burgin recounts how the reaction from both left and right after the financial crisis predicted an upsurge in Keynesiasm or at least greater state activism.

Behind the Republican Rhetoric: The Misleading Appeal of Free-Market Capitalism

David Coates | Posted 01.23.2014 | Business
David Coates

At this moment, the U.S. economy is probably most properly described as a classic example of "crony capitalism." And if we are going anywhere new as an economy, we are in danger of heading to something even worse -- "vulture capitalism."

The Cluelessness of Thomas Friedman

Jonathan Weiler | Posted 05.14.2012 | Media
Jonathan Weiler

Tom Friedman's column today calls for re-thinking American capitalism by striking a series of "grand bargains," and as usual his analysis of what stands in the way of such grand bargains bears no relationship to the realities of American politics.

Backhouse and Bateman's Capitalist Revolutionary: John Maynard Keynes

Robert Teitelman | Posted 01.11.2012 | Business
Robert Teitelman

Writing about someone like Keynes who personally wrote so much, so well, must be a daunting task. Backhouse and Bateman more than keep up, not by competing with Keynes, but by letting him speak, in all his many voices.

Nicholas Wapshott's Keynes Hayek

Robert Teitelman | Posted 11.29.2011 | Business
Robert Teitelman

Keynesianism was dealt a serious blow. What's left in the ruins? Who knows? But what occurs on a debate stage or a presidential podium is really not what defines modern economics. Or at least it shouldn't.

Elites Are Abandoning Keynesianism for Self-Preservation

Chriss Street | Posted 10.30.2011 | Politics
Chriss Street

Pacific Investment Management Company (PIMCO), the world's largest manager of bonds, has just released research analysis titled: "Saying No to Keynes ...

House Democrats: Vote Down This Budget Surrender and Prevent the Suicide of the Democratic Project

Miles Mogulescu | Posted 09.30.2011 | Politics
Miles Mogulescu

House Democrats and Nancy Pelosi--You are all that stands between the American people and unconditional surrender to the darkest forces in American society and the mass suicide of the liberal Democratic project.

Not Working in America: People and Public Policy

David Coates | Posted 08.15.2011 | Politics
David Coates

Cuts will not produce growth. Cuts will more likely tip us into a double-dip recession, which the Republicans will blame on the Obama Administration's failure to cut more! It is surely better to stand firm and to call the Republicans' bluff.

Didn't Like the Stimulus? You Might Hate It When It's Gone

Mark Engler | Posted 05.25.2011 | Politics
Mark Engler

To people across the country who live in states in crisis, and who were sheltered from the full impact of economic downturn in the last two years, the stimulus should be looking pretty good right about now.

Dan Froomkin

'Naked Keynesianism' At The University Of Texas, Says Fox News (VIDEO) | Dan Froomkin | Posted 05.25.2011 | Business

Fox News host Stuart Varney has lashed out at University of Texas economist James Galbraith for teaching his students "naked Keynesianism" -- to Galbr...