AUSTIN: In a recent commentary for the Financial Times, Martin Wolf trots out the spectre of a “public-debt disaster,” that recurrent staple of bond-market chatter. The essence of his argument is that since debt-to-GDP ratios are high,...
AUSTIN: In a recent CNN interview, Paul Krugman of The New York Times finds it hard to understand why ordinary American voters do not share his euphoric view of US President Joe Biden’s goldilocks economy – which appears to be neither...
AUSTIN : In his bid to become Speaker of the US House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Representative Ralph Norman of South Carolina, that he commits to “shut down the government rather than raise...
STEAMBOAT SPRINGS, COLORADO: US Federal Reserve Chair Jerome Powell has now committed to putting US monetary policy on a course of rising interest rates, which could boost the short-term rate (on federal funds and treasury bills) by at least 200...
By James K. Galbraith AUSTIN: With a single commentary in The Guardian (and an unintended assist from New York Times columnist Paul Krugman), economist Isabella Weber of the University of Massachusetts injected clear thinking into a debate...
AUSTIN: With the anniversary of the January 6 riot now over, let’s focus on the big picture. The great anomaly of the 2020 US presidential election was that Joe Biden won the national popular vote by seven million votes, yet came within 43,...
TOWNSHEND, VT – Now that so many sad truths about Afghanistan are being spoken aloud, even in the major media – let me add one more: The war, from start to finish, was about politics, not in Afghanistan but in the United States....
AUSTIN – In a recent essay on Samantha Power, President Joe Biden’s new administrator of the United States Agency for International Development, Michelle Goldberg of The New York Times writes – correctly – that Power’s...
