The Fine Line Between Mending and Meddling
America / Economy / Foreign Policy / Middle East

The Fine Line Between Mending and Meddling

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

4 Reasons Why the Reinhart-Rogoff Fiasco Doesn’t Change Anything
Debt / Economy

4 Reasons Why the Reinhart-Rogoff Fiasco Doesn’t Change Anything

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