{"id":5553,"date":"2010-12-14T10:32:45","date_gmt":"2010-12-14T15:32:45","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=5553"},"modified":"2010-12-14T10:33:22","modified_gmt":"2010-12-14T15:33:22","slug":"austerity-is-riskier-than-growth","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/12\/14\/austerity-is-riskier-than-growth\/","title":{"rendered":"Austerity Is Riskier Than Growth"},"content":{"rendered":"<div align=\"center\">\n<object width=\"640\" height=\"385\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/vJaOhahDr5Y?fs=1&amp;hl=en_US&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><param name=\"allowscriptaccess\" value=\"always\"><\/param><embed src=\"http:\/\/www.youtube.com\/v\/vJaOhahDr5Y?fs=1&amp;hl=en_US&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\" type=\"application\/x-shockwave-flash\" allowscriptaccess=\"always\" allowfullscreen=\"true\" width=\"640\" height=\"385\"><\/embed><\/object>\n<\/div>\n<pre>\r\n\r\n<\/pre>\n<p>The introduction to the piece <strong><a target=\"_blank\" href=\"http:\/\/www.newdeal20.org\/2010\/12\/14\/rob-johnson-hunts-for-the-budget-moby-dick-29876\/\">Rob Johnson Hunts for the Budget \u201cMoby Dick\u201d<\/a><\/strong> on Newdeal2.0 (which contains the above video) is:<\/p>\n<blockquote><p>So you\u2019re concerned about the debt-to-GDP ratio? Then listen to Rob Johnson, who separates the real white whales to harpoon from the harmless minnows. A new paper he co-authored with Tom Ferguson points out that austerity and stagnation most threaten our fiscal future. The American people are angry, and \u201cthere is a lot of valid rage in our society,\u201d Rob says. But \u201cfears of magic thresholds like a 90% debt-to-GDP ratio or mythologies that have to do with the painlessness of cutting deficits are playing on those fears, but they\u2019re not sending things in a proper direction.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The introduction to the piece Rob Johnson Hunts for the Budget \u201cMoby Dick\u201d on Newdeal2.0 (which contains the above video) is: So you\u2019re concerned about the debt-to-GDP ratio? Then listen to Rob Johnson, who separates the real white whales to harpoon from the harmless minnows. A new paper he co-authored with Tom Ferguson points out [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-5553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=5553"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5553\/revisions"}],"predecessor-version":[{"id":5556,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5553\/revisions\/5556"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=5553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=5553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=5553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}