Choosing Fiscal Idiocy

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A new column for the Financial Times on US fiscal incompetence--or should that be paralysis, or recklessness, or dishonesty...? The prospects for getting it right (by which I mean maintaining or increasing fiscal expansion the near term, while moving now to lock in fiscal retrenchment later) look slim. The political problem can be simply stated:

Democrats have no fiscal plan, and Republicans have a fiscal plan that not even they like and whose details they would rather not discuss.
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Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View. He was the Washington columnist for the Financial Times, and before that worked at The Economist for more than 20 years, including 11 years as deputy editor. Crook writes about the intersection of politics and economics. More

Crook writes about the intersection of politics and economics.

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