Formed in 2009, the Archive Team (not to be confused with the archive.org Archive-It Team) is a rogue archivist collective dedicated to saving copies of rapidly dying or deleted websites for the sake of history and digital heritage. The group is 100% composed of volunteers and interested parties, and has expanded into a large amount of related projects for saving online and digital history.
Seven economists and a surreal debate
Over the last few days, there has been a great debate in the economics blogosphere over whether public debt is or is not a burden on future generations. The idea that high public debt is a burden on the as-yet-unborn is a popular theme with right-wing politicians and is used to justify deficit-cutting measures that may be counterproductive. So this was a really important debate and I have been watching it with great interest. But oh, what a debacle. They couldn't agree what they meant by "fiscal cohort", except that it wasn't quite the same as "generation". And each of them seemed to have a different idea about how debt transferred down the generations actually would be paid off. Roughly, they divided themselves into two groups plus fence-sitters: - those (Baker, Krugman) who argue that as the debt transferred down the generations is owned by members of those generations, paying that debt off through higher taxation simply moves money around among people
