Tag Archives: debt hysteria

David Leonhardt Uses the New York Times to Spread Pete Peterson’s Debt Hysteria

By William K. Black
Bloomington, MN: January 12, 2015

David Leonhardt came to my attention because of his column purporting that liberals were wrong about families and education. Given my colleagues’ expertise in macroeconomics, money, and jobs, I decided to look at what views Leonhardt was presenting on austerity. Leonhardt lauds himself for avoiding what he dubs the “safe” approach to journalism and instead “providing a service to readers when we’re willing to make analytical judgments.” What kind of “analytical judgments” does he make about austerians and debt hawks in light of their track record of repeated predictive failures? He loves them.

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