{"id":649,"date":"2012-09-05T20:31:57","date_gmt":"2012-09-05T20:31:57","guid":{"rendered":"https:\/\/karlwhelan.com\/staging\/?p=649"},"modified":"2012-09-05T20:33:42","modified_gmt":"2012-09-05T20:33:42","slug":"did-bill-clintons-budgets-really-destroy-the-american-economy","status":"publish","type":"post","link":"https:\/\/www.karlwhelan.com\/did-bill-clintons-budgets-really-destroy-the-american-economy\/","title":{"rendered":"Did Bill Clinton&#8217;s Budgets Really Destroy the American Economy?"},"content":{"rendered":"<p>I think the &#8220;sectoral balances&#8221; viewpoint of the macroeconomy, which emphasises that income equals spending, is hugely important for understanding what is going on in today&#8217;s global economy.\u00a0 However, an article today by Joe Weisenthal that appeals to this framework to pin the blame for the global financial crisis on Bill Clinton, struck me as incorrect.\u00a0 My response <a href=\"http:\/\/www.forbes.com\/sites\/karlwhelan\/2012\/09\/05\/did-bill-clintons-budgets-really-destroy-the-american-economy\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think the &#8220;sectoral balances&#8221; viewpoint of the macroeconomy, which emphasises that income equals spending, is hugely important for understanding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[68],"tags":[],"class_list":["post-649","post","type-post","status-publish","format-standard","hentry","category-us-economy"],"_links":{"self":[{"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/posts\/649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/comments?post=649"}],"version-history":[{"count":4,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"predecessor-version":[{"id":653,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/posts\/649\/revisions\/653"}],"wp:attachment":[{"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karlwhelan.com\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}