Large Banner Ad
Small Banner Ad

Paul Krugman

Topic:

  • Keynes was rightPaul Krugman
    January 20, 2012

    "The boom, not the slump, is the right time for austerity at the Treasury." So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying to balance the budget too soon, sending the United States economy - which had been steadily recovering up to that point - into a severe recession. Slashing government spending in a depressed economy depresses the economy further; austerity should wait until a strong recovery is well under way.

Results 1-1 of 1

  • Send by mailing address
Subscribe to the E-bulletin

Dimitri Lascaris just returned to Greece from an 11-day journey across Iran in a time of war. While walking the streets of a coastal town in Crete, Dimitri discusses what he learned in Iran, where he thinks the war is heading, and why he came to Crete to continue his coverage of the war.

Subscribe to our YouTube Channel