The United States is the largest giver of foreign aid in the world, providing $49.5 billion in economic and military assistance in 2011. Clearly, charity is one of our strong suits. But with the slow economic recovery, and approximately $12 trillion in national debt, the fact is that we cannot afford to keep this up. … Continue reading
Two weeks ago, a grad student at UMass Amherst discovered a spreadsheet error in the Reinhart-Rogoff (R-R) paper, a paper that many austerity advocates cited as proof that too much debt cripples economic growth. In the days and weeks after the spreadsheet error fiasco, many were quick to draw significant implications from this event, calling … Continue reading
Policy Interns 