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Op-Ed

The Austerity Wars: Debunking Paul Krugman

Author: Benn Steil
Forbes Online

Benn Steil’s new Forbes op-ed examines Paul Krugman's data analysis purporting to document definitively that "austerity," defined by declines in real government purchases, damaged growth between 2010 and 2013. He shows that this finding collapses entirely when he excludes countries without independent monetary policies, such as those in the Eurozone. For countries with independent monetary policies, changes in real government purchases had no effect on growth.

See more in Global; Monetary Policy

Primary Sources

Federal Communications Commission Open Internet Order

Federal Communications Commission (FCC) voted on February 26, 2015, on rules governing regulation of U.S. broadband networks. The FCC published rules (FCC 15-24) regulating this order on March 12, 2015. The rules ban the ability of broadband companies to prioritize traffic from sources that pay more and reclassify broadband as a telecommunications service, subject to regulation under Title II of the Communications Act. The FCC news release states that the rules are focused on making networks "fast, fair, and open."

See more in United States; Internet Policy; Digital Infrastructure

Research Links

Water

Provides background information on water rights and conservation, data on water availability, water issues related to environmental and natural disasters, economics and development, and conflicts, as well as U.S. and intergovernmental agendas and policies for ensuring reliable access to clean water.  March 22 is the United Nations' World Water Day.

See more in Global; Water Security

Op-Ed

Is Netanyahu Right About How to Bargain?

Author: Stephen Sestanovich
Wall Street Journal

Israeli Prime Minister Benjamin Netanyahu’s speech to Congress last week was described here and there as “maximalist”—meaning, he insisted on the best imaginable terms for any agreement with Iran about its nuclear program. Because “Maximalist” is the title of my book on U.S. foreign policy since World War II, people have asked me whether Bibi’s approach isn’t the one the United States used for its own tough negotiations.

See more in Israel; Presidents and Chiefs of State