interest on national debt

Most mainstream academic and government economists -- elites, we should note, who are generally well-protected from the vagaries of the real world -- are united in the view that massive federal deficits to fund stimulus programs are not just a good thing but a necessary thing. Economist J. Brad...

BusinessWeek's August 24 cover blares: "The Case for Optimism." As magazines and papers hemorrhage ink in their cheerleading for a supposed end to the recession, it seems like time to take a step back and ask if these are merely "feel-good" features, or if there is any substance to the notion that...