In today’s newsletter: As Columbia makes headlines for its NYPD-aided crackdown on students protesting the war in Gaza, professor Bassam Khawaja explains how discontent has risen rapidly
Until recently, any suggestion of fiscal prudence was quickly dismissed as “austerity” by economists on the left. But with higher interest rates fast becoming the new normal, the idea that any economic problem can be solved with more government borrowing has become untenable