fiscal austerity

Stimulus Now, Restraint Later?

Journalists have been repeating lately that “economists say” that we need yet more government spending now to keep on goosing the economy, even though – to be sure – we will need to cut back on spending at some point in the undefined future, to avoid the fate of Greece. Well, maybe some economists. But I’m sure this “economists agree” claim is no more true today than it was a year ago.

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