January 4, 2013
Photo: AP Images
Mark Blyth, faculty fellow at the Institute and author of the forthcoming book Austerity: The History of a Dangerous Idea, explains that debate around revenue and spending should focus on growth, not deficit reduction. Speaking to a Bloomberg News reporter about the year-end fiscal cliff negotiations in Congress, Blyth suggests that "Democrats should have said to Republicans, 'You're the guys who created the debt. We'll deal with the debt when we return to growth. Get lost.'"