Why Worry About the “Fiscal Cliff”?
As we approach the end of the calendar year, we are hearing more and more expressions of alarm about the “fiscal cliff,” over which the country could tumble on January 1, 2013. As I will argue below,...
View ArticleWhy the Debt Hawks Are Wrong
This is the second part of a two-part post; the first can be read here. Many contributors to the “Back to Full Employment” blog have pointed out that the current national focus on reducing the debt of...
View ArticleCould the Fed Still Stimulate Job Creation on the Cheap? A Dialogue
Introduction—Bob Pollin: Now that the deadline has passed on Friday for preventing $55 billion in annual cuts to both social and military spending relative to previously allocated levels, it is...
View ArticleSecond-best Policies to Stimulate the U.S. Economy
To combat the continuing recession in the U.S. and to move toward full employment, the clearly optimal policy is for the federal government to increase spending now on programs that contribute to...
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