Bubbles and Busts

Over the course of this year, economic growth has been slowing considerably in many countries that were previously considered beacons of str...

What do I mean by Ponzi Austerity? It is not just a case of pretend austerity of the sort that we had, say, in the UK under Mrs Thatcher, ...

Deficit spending in the euro zone has also been rising some, and after the latest rounds of austerity and subsequent deficit increasing we...

What the economics of illusion does is continually paper over economic disturbances with short run policies that provide the appearance of...

Just to be clear, I’m not saying there aren’t good arguments for the BOE keeping a 2% inflation target.  I don’t agree with those who supp...

For the fact is that you can’t just look at spending levels to ask what is happening to spending programs. Here in the United States spend...

Most of the time “austerity” is a misleading word and more precise concepts — readily intelligible I might add — are available.  There rea...

Responding to John Cassidy’s the New Yorker , Russ Roberts writes of The austerity experiment : I’d like some facts. I have seen many arti...

Anyone watching, listening or reading the news over the past few years has certainly heard the term “austerity” used more frequently than th...