Debating The Confidence Fairy

In 2011, the Nobel laureate economist Paul Krugman characterized conservative discourse on budget deficits in terms of “bond vigilantes” and the “confidence fairy.” Unless governments cut their deficits, the

A New Deal For Greece

Three months of negotiations between the Greek government and our European and international partners have brought about much convergence on the steps needed to overcome

We Now Have Money For Nothing

The developed world seems to be moving toward a long-term zero-interest-rate environment. Though the United States, the United Kingdom, Japan, and the eurozone have kept central-bank