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October 12, 2010

Don't Expect Austerity Breakthrough at G-20

Hudson Institute, Hudson Institute

AP Photo

No need to turn on the TV to witness the latest battle of the heavyweights. If, that is, you are willing to settle for an intellectual and policy slugfest among economists and politicians. In the red ink corner we have no less than President Barack Obama; White House aide Larry Summers; Ed Balls, the should-have-been U.K. shadow chancellor; Nobel laureate economists Paul Krugman and Joseph Stiglitz; and economists at the International Monetary Fund.

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TAGGED: G-20, United Kingdom, International Monetary Fund, White House, Barack Obama

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