The U.S. can afford a $350 billion job-guarantee program. But if you tie that to a Green New Deal, then all bets are off.
Stephanie KeltonProfessor:Public Policy & Economics
Paul Krugman’s macro framework is leading him astray.
Deficit levels, interest rates and the tradeoff between fiscal and monetary policy.
There are no inherent tradeoffs between fiscal and monetary policy.
To escape higher taxes, they must embrace deficits.
How Democrats can fight the bogus claims of fiscal armageddon.
Maybe nothing will get done. But they should set priorities now.
No, this won’t be on the table until 2021 at the earliest. But the party’s candidates need to offer some solutions.
Yes, the rich hit the jackpot. But most people got something, and it’s not clear they want to lose it.
So what if the reductions add to the deficit? They haven’t increased inflation, and that’s what matters.
The U.S. is racking up record debt. It feels great now, but someday the tab will come due.