In 2008, the Keynesians emerged from hiding, where they had been since the mid-1980s. It was nice to see them, catch up, and so on. But now they won’t go away. This week’s Buttonwood column in The Economist considers whether fiscal austerity is expansionary or contractionary. A sentence caught my eye. Keynesian economists are also [...]

Tags: austerity, fiscal policy, Greece, ireland, monetary policy, Romer, spain
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Officials from EU governments have just now pledged to bail out the Greek government. In my view, this is a bad idea, at least for the people of Germany and France, who will bear a lot of the cost. Since I am having some trouble organizing my thoughts into fluent paragraphs, I will present them [...]

Tags: bailout, Carville, EU, Euro, fiscal commons, Greece, optimal currency area, sovereign debt crisis, Wagner
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