Martin Wolf

What is really wrong with Europe

What is really wrong with Europe

That’s the subject of a recent column by the Financial Times‘ Martin Wolf.  It is a different diagnosis than is found in the US media: What happened in Europe was that countries in its industrial core achieved massive export surpluses by combining high labour productivity with stagnant wages. The resulting revenues led to huge capital […]

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Federal Spending:  Can We Cut Our Way to Prosperity?

Federal Spending: Can We Cut Our Way to Prosperity?

Over at the Financial Times, Martin Wolf offers his answer to that question: If anyone tells you that cutbacks in this year’s and next year’s federal spending will encourage enough additional private spending to make up the difference — never mind narrow the inherited trillion dollar output and jobs gap — look him hard in […]

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