During a meeting several years ago, as I started to explain to my colleagues how different economic policies could boost growth, a young staffer interrupted me. He announced—quickly, so he could get it all out in one breath—that growth should not be a policy objective anymore, because it destroys the […]
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Global economy sailing into a ‘perfect long storm’
Follow Ryan on Twitter | Send tips and insights to [email protected] IMF AND WORLD BANK FALL MEETINGS PREVIEW The world’s finance ministers and central bankers are descending on Washington, D.C., next week, and the gathering will have the feel of an economic Last Supper. A recession in advanced economies is […]
Hiltzik: The enduring failure of economic neoliberalism
Here’s the central riddle of U.S. politics since the Great Depression: Social Democratic policies crafted in the 1930s succeeded in creating a long era of widespread prosperity, then suddenly lost their credibility in the mid-1970s. They were replaced by the neoliberalism of Ronald Reagan, which failed to help anyone but […]