" Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time,...

A timely, broadly revisionist, essential book by one of our foremost economic observers takes down one of the most cherished tenets of contemporary financial thinking: that spending less, refusing to forgive debt, and shrinking government--"austerity"--is a solution to the current economic...

The discrepancy between taxing and spending -- The politics of taxing -- Raising taxes -- Cutting taxes -- The politics of spending -- The growth of government spending -- Reducing spending -- Deficits and the american democracy

Comprehensive: examines the historical development of the federal tax system; explains the relative importance of income taxes, payroll taxes, and other taxes in the modern era; and discusses the fairness, economic efficiency, and revenue-raising characteristics of federal tax policy -...

Debt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19.