Resurgence of right-wing economics threatens global economy, writes Stiglitz. Right seeks to repeal basic laws of math and economics, he says. If Congress mandates expenditures that exceed revenues, there will be a deficit. To cut back expenditures now, in midst of an ongoing crisis, would prolong the downturn.
Resurgence of right-wing economics threatens global economy, writes Stiglitz. Right seeks to repeal basic laws of math and economics, he says. If Congress mandates expenditures that exceed r…