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Op-Ed

The Austerity Wars: Debunking Paul Krugman

Author: Benn Steil
Forbes Online

Benn Steil�s new Forbes op-ed examines Paul Krugman's data analysis purporting to document definitively that "austerity," defined by declines in real government purchases, damaged growth between 2010 and 2013. He shows that this finding collapses entirely when he excludes countries without independent monetary policies, such as those in the Eurozone. For countries with independent monetary policies, changes in real government purchases had no effect on growth.

See more in Global; Monetary Policy

Op-Ed

Is Netanyahu Right About How to Bargain?

Author: Stephen Sestanovich
Wall Street Journal

Israeli Prime Minister Benjamin Netanyahu�s speech to Congress last week was described here and there as �maximalist��meaning, he insisted on the best imaginable terms for any agreement with Iran about its nuclear program. Because �Maximalist� is the title of my book on U.S. foreign policy since World War II, people have asked me whether Bibi�s approach isn�t the one the United States used for its own tough negotiations.

See more in Israel; Presidents and Chiefs of State