Truthout
Austerity

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Foreclosure Victims Protesting Wall Street Impunity Outside DOJ Arrested, Tasered
Hundreds of foreclosed homeowners and housing rights activists rallied outside the Justice Department on Monday, May 20, to demand that Attorney General Eric Holder prosecute the Wall Street bankers …

Austerity Comes to America
Gerald Friedman: The ghost of bad austerity economics continues to haunt - and even to drive - the living.

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Economists Unleash a Reign of Error
Paul Krugman: The Great Recession has brought us back into a world of persistent inadequate demand that has unleashed a sort of reign of error among anti-Keynesian economists and …

How America Became a Third World Country
America is investing in war in distant lands as it crumbles here at home.

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Austerity Is Dead; Stop Pushing It, Drop the Chained CPI and Increase Social Security
The ‘savings’ figures thrown around in Washington are not real ... but the pain these cuts will cause is very, very real.

Interview on Cyprus Crisis: European Cosmopolitanism in the Age of Financial Capitalism
In this discussion, two scholars show that ‘cosmopolitanism’ goes farther back than early modernity and unveil an ideal far different from neoliberal assumptions that cosmopolitanism is simply mobility and …

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The Latvia Illusion
Paul Krugman: Austerity apologists claim that the pre-crisis peak isn't a realistic goal for Latvia.

The American Dream Is Dead; Long Live the New Dream
A new American dream could rise from the mess left by globalization, off-shoring and austerity.

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In the Austerity Debate, Reputation Trumps Reason
Paul Krugman: Austerians are finding that they're trapped in a box.

The Layman’s Case Against Austerity
Stephanie Kelton makes the case against austerity simple enough for every reader to understand.