Austerity's Hidden Purpose & From California Economics to Bidenomics (tags)
For governments pursuing austerity, spending cuts mean lower national income and fewer taxes. Unlike a household or a business, if the government cuts its spending during tough times, it is cutting its revenues, too.
America's Dual Recession (tags)
There is every reason to expect that many of the lost jobs – perhaps as many as 40% – will never come back. In the short to medium term, the tragic paradox is that employment opportunities are both too few and pay too little.
A reality check.