In a new working paper published by the National Bureau of Economic Research, economists Vadim Elenev, Tim Landvoigt, an ...

The idea that rational thinking should govern political decision making in America dates back to our very founding. “Facts are stubborn things,” John Adams said, “and whatever may be our wishes, our ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of economics and politics. As I argued previously, the ethical dimension of fiscal affairs is crucial, ...

Why has the post-recession recovery been so slothful, both here in the U.S. and abroad? The answer has been plain for years: Government leaders pursued policies of austerity, cutting public spending ...

The federal government has constituted a monitoring committee to oversee the implementation of austerity measures unveiled by Prime Minister Shehbaz Sharif last week in a bid to cut the government’s ...

After almost a decade of austerity the verdict is out, austerity has failed our economy. However, when seemingly deliberate choices have made sure austerity hits Britain’s most vulnerable the hardest, ...

The proponents of Keynesian-style deficit spending argue against austerity by claiming that it has failed in Europe. They point to the U.K., Italy, Greece, and onward, shouting that European ...

Austerity policies and changes introduced by the GNU have shrunk the public sector footprint in security matters. Even with ...

President Ferdinand R. Marcos Jr. directed all national agencies to observe austerity in Christmas and year-end celebrations, ...