David Beckworth

No Time to Taper
The Federal Reserve needs to loosen its grip
June 25, 2013

The Federal Reserve appears eager to begin “tapering,” that is, reducing the monthly bond purchases it is making to support the economic expansion.

Tight Budgets, Loose Money: Why Both Liberals and Conservatives Are Wrong About How to Fix the Economy
November 03, 2011

Both the left and the right have been consistently peddling the wrong prescriptions for our economy. Most liberals are focused on the need for additional fiscal stimulus, and dead-set against any premature moves toward what they consider “austerity.” Spending cuts, they say, would weaken the economy. Most conservatives are equally insistent that spending cuts need to begin now—and claim that by reducing expectations of future tax increases these cuts would help the economy.