Our View: New York Times’ Austerity Recommendations Are Unwise

We must make painful choices, the New York Times’ editorial board scolds us. Why? Because otherwise we’ll be borrowing too much. And borrowing is expensive! Since the essence of the Times’ editorial is about money, let’s think for a moment about what “money” means. Money could be the paper currency in your wallet. But it is more likely to be your checking account balance, that … Continue reading Our View: New York Times’ Austerity Recommendations Are Unwise