The Slack Wire

There is a view that seems to be hegemonic among liberal economists, that recessions are fundamentally about money or finance. Not just caus...

Here's a heartening story from the old neighborhood: An 82-year-old great-grandmother cried tears of joy Friday as nearly 200 neighbo...

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

Schumpeter says: Even if he confines himself to the most regular of commodity bills and looks with aversion on any paper that displays a s...

Mark Thoma : we must cut spending and raise taxes to get the debt under control I'm sorry, but This. Is. Not. True. If you look at ...

At least someone is happy about the debt-ceiling deal: Low government debt yields may reflect concern about the health of the economy and ...

I was going to write something about tonight's debt-celing deal. "Reduces Domestic Discretionary Spending to the Lowest Level Since...

David Harvey observed recently that this crisis was the first in modern times in which the periphery has not borne a disproportionate share ...

If the debt-ceiling negotiations (summarized here ) drag on to the point where there is real doubt about the full repayment of Treasury secu...