deficit

Time for Politicians to Stop Deficit Fearmongering

October 20, 2017

The common misconception is that the government is doing something wrong when it runs a deficit, but what most people don’t understand is that there’s a matching surplus in another part of the economy, says economist Stephanie Kelton

The Poorest Tax Payers to Pay the Most Under Trump Plan

September 29, 2017

Economist Bill Black says that both Republicans and Democrats are financially illiterate when they speak about the deficit, and Trump’s economic experts are ‘completely disconnected from the real world’

Hundreds Rally to Demand A Fix to Baltimore’s School Budget Deficit

March 21, 2017

In a surprise move, City Schools announced $30 million dollars for classrooms, but students, teachers and advocates say funding remains woefully inadequate

UK Labor Party Departing from Austerity to Strengthen Economy

January 6, 2016

Economists for Rational Economic Policy: John Weeks, Ozlem Onaran and Jeremy Smith say Labor Party leader Jeremy Corbyn and Chancellor John McDonnell can break with previous neo-liberal economic policies and pursue an agenda that is focused on productive employment

The Cracks Begin To Show in The UK Economy (1/2)

January 4, 2016

Economists for Rational Economic Policies contributors John Weeks, Ozlem Onaran, and Jeremy Smith say nominal gains in economic performance are based on household debt. (The report can be read here:The Cracks Begin to Show: A Review of the UK Economy in 2015)

CBO Report Confirms U.S. Deficit Back to Normal Level

April 18, 2014

Robert Pollin: Deficit hawks were wrong about America’s normal level, Congress should pass a financial transaction tax and not more cuts to social spending

The Economics of the 1%

February 12, 2014
John Weeks: A fundamental misconception of neoliberal economics is that governments need to balance their budgets like a household

Reality Asserts Itself - Heiner Flassbeck

February 2, 2014
Heiner Flassbeck, former director of UNCTAD, says the “market” is good for making high profits from international exchange rates; the only rational solution for a healthy economy is take exchange rates away from the market