Tag: fiscal policy

The Way We Weren’t: My Response to Yglesias’ Response to My Response to His Response to My Response

Prompted by this post from Mike Konczal, Matt Yglesias has weighed in again on our debate about what the government should do to create jobs. But it turns out that’s not what we’re debating.  What we’re really debating, says Yglesias, is monetary policy: specifically, whether the left should care about it. Yglesias thinks we should, and I gather I’m supposed to think we shouldn’t. Instead of confronting the real impact monetary policy has on jobs, inequality, and so on, I, like my brothers and sisters on the left, have allowed my “romance with the idea of the Works Progress Administration,” the misty water-colored memory of New Deal “social solidarity” and “public investment,” to blur my thinking about what would actually […]