See my latest op-ed, “Whoever hires John Boehner post-Congress will make a terrible investment,” co-authored with Masami Imai, which appeared in The Guardian. It is based on an academic article that is forthcoming in the journal Explorations in Economic History.
Speaking to the Economic Club of New York House Speaker John Boehner (R-OH) said: It’s true that allowing America to default would be irresponsible. But it would be more irresponsible to raise the debt limit without simultaneously taking dramatic steps to reduce spending and to reform the budget process. Wrong. Defaulting would be irresponsible. It … Read more