May 27, 2023
AnalysisPecuniary Salvation
Monetary financing at the Bank of England, the Federal Reserve, and the European Central Bank
Monetary financing—the issuance of public money to support public expenditure—has in recent times become a policy taboo. The message from economists to politicians, policymakers, and society more broadly is often that any central bank support for public expenditure is likely to destroy…
July 12, 2021
InterviewsLong Crises
An interview with Benjamin Holtzman
As New Yorkers grapple with an uncertain future, the fiscal crisis of the 1970s and its aftermath are often invoked by the press and politicians. Today, “New York in the 1970s” is shorthand for a city facing poverty and crime,…