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PS. In Theory: Rethinking Austerity

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For a half-century, many Western economists have sought to prove that government spending is either destructive or futile. But while lower deficits and reduced debt may help to promote long-term economic health, it is increasingly being recognized that the costs of austerity often far outweigh the benefits.

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  1. op_twliu1_XinhuaXiao Yijiu via Getty Images_wuhancoronavirushospitaldoctor Xinhua/Xiao Yijiu via Getty Images
    Free to read

    Witnessing Wuhan

    Tracy Wen Liu

    While Chinese authorities have been projecting an image of national triumph over the COVID-19 outbreak there, the doctors and nurses on the front lines tell a different story. Having lived through hell, they see little to celebrate, much to mourn, and reason to remain fearful.

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