Over the past few days, new strikes and riots have convulsed Greece and Spain. Conventional wisdom (including from economist Paul Krugman) suggests that cuts in government spending—often described as “austerity”—are a primary cause of the economic downturn in these nations and across much of Europe. This “demand deficiency” hypothesis leads …
Stand aside, citizen-protestors. The Occupy Wall Street movement is about to get professional help. New York City labor unions have decided to join the demonstrations. Members of the Service Employees International Union and the United Federation of Teachers, among other unions, will soon be marching with the protestors. Why is …
