Debtors’ Prison: The Politics of Austerity versus Possibility by Robert Kuttner (2013)
This book is by one of my new favorite authors. He and the book are described on the jacket flap in a very well written piece, so I have started this post with it in its entirety. Highly recommend this author and all he has written.
One of our foremost economic thinkers challenges a cherished tenet of today’s financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government — austerity — is the solution to a persisting economic crisis like ours or Europe’s, now in its fifth year.
Since the collapse of September 2008, the conversation about economic recovery has centered on whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union.