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 …
The liberal perspective on the “Occupy” movement is really something spectacular. Before the movement had really even announced a position or set of “demands,” progressives were pushing each other out of the way to embrace it. When they did finally come up with a set of ideals, which mostly involve …
