The Magazine

Forgive Us Our Debts?

The war between lenders and borrowers.

May 28, 2012, Vol. 17, No. 35 • By IRWIN M. STELZER
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

Then, too, it might well be that in some cases structural reforms associated with austerity measures can heal sick economies, or that the shovel-ready infrastructure projects that seem to exist in the fantasies of politicians actually do exist. Or better still, that some way can be found to induce private-sector players to finance infrastructure improvements such as toll roads and a usable rail system, perhaps in partnership with governments. All I am suggesting is that blind insistence on austerity and repayment is a choice, one of several, and is not graven in stone. Or even demanded by the Bible.

Irwin M. Stelzer is a contributing editor to The Weekly Standard, director of economic policy studies at the Hudson Institute, and a columnist for the Sunday Times (London).

Recent Blog Posts

The Weekly Standard Archives

Browse 15 Years of the Weekly Standard

Old covers