"Econ 102" with Noah Smith and Erik Torenberg cover image

Why the Next Age of Globalization Will Be Awesome, a Cheaper US Dollar, and Reducing the Deficit

"Econ 102" with Noah Smith and Erik Torenberg

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Navigating Austerity: Lessons from the 1990s

This chapter explores the concept of a new age of austerity by drawing parallels with the fiscal policies of the early 1990s under Bill Clinton. It discusses the historical shifts in attitudes towards federal deficits and highlights the implications of rising interest rates on government spending and welfare programs.

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