The Slack Wire

[Cross-posted from the new blog at jwmason.org .] ... or at least don't blame him for increased federal debt.   Arjun and I have...

This Tuesday, I'll be  at Joseph Stiglitz's  event  at Columbia University on finance and inequality, presenting my work with Arjun ...

Introduction Anyone who who has been following debates on fiscal policy over the past few years will have noticed that, among those who th...

There's a common shorthand that makes "debt" and "borrowing" interchangeable. The question of why an economic unit h...

"Probably more uninformed statements have been made on public-sector debt and deficits,"  says Willem Buiter , "than on any o...

When we left off , we'd concluded that the relationship between g , the growth rate of GDP, and i , the after-tax interest rate on gover...

If we're going to discuss fiscal policy, we should be clear on the accounting relationships involved. So, here are some basic equations ...