Simon Johnson
We’ve Run Up the National Debt Before – But It’s Different This Time
The United States was born into debt. The long, expensive Revolutionary War devastated the infant nation’s finances, and forced the United States to grapple with a primary public policy issue: How should debt and taxes be handled in the brave, new world of America? Today, as the United States teeters on the edge of the […]
Weighing Solutions for Euro Zone Crisis
In an effort to help alleviate the symptoms of Europe’s debt crisis, the Federal Reserve, the European Central Bank, and other international banks funneled U.S. dollars into European financial systems on Wednesday. The move helped markets by making American dollars more easily available outside the U.S. Stocks shot up in reaction to the news. The increased liquidity had […]
Obama tries to jump-start economy: too little, too late?
Simon Johnson, former chief economist of the International Monetary Fund and a professor at the MIT Sloan School of Management, says he wouldn’t frame it as “too little, too late,” and believes that the latest events show the basic limits of government.