Tag Archives: Alexander Hamilton

Simon Johnson: Is Europe on the Verge of a Depression, or a Great Inflation?

From the New York Times The news from Europe, particularly from within the euro zone, seems all bad. Interest rates on Italian government debt continue to rise. Attempts to put together a “rescue package” at the pan-European level repeatedly fall behind events. And the lack of leadership from Germany and France is palpable – where […]

Europe Needs Trichet’s Unified Finance Ministry: Simon Johnson

From Bloomberg News Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eurozone public-debt problems. The first idea would allow European Union authorities to override the policy decisions of member governments that can’t come up with sustainable budgets, implying the creation of […]

Simon Johnson: Is there too much federal debt?

From the New York Times In the nation’s latest fiscal mood swing, the mainstream consensus has swung from “we must extend the Bush tax cuts” (in November and December 2010) toward “we must immediately cut the budget deficit.” The prevailing assumption, increasingly heard from both left and right, is that we already have far too […]