Well gee whiz. It turns out that austerity (aka cut government spending) is the dumb approach when the economy is in recession. Who knew (other than everyone who has studied economics.) Turns out that Keynes was right. If we could only get the Right to understand the meaning of right.
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Source:
http://www.economist.com/blogs/buttonwood/2013/03/austerity
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Source:
http://www.economist.com/blogs/buttonwood/2013/03/austerity
Description:
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