(Download) "Austerity Agonistes: Why Left-Wing Economists' Warnings Against Austerity Programs are Wrong (Columns) (Column)" by Veronique de Rugy ~ eBook PDF Kindle ePub Free
eBook details
- Title: Austerity Agonistes: Why Left-Wing Economists' Warnings Against Austerity Programs are Wrong (Columns) (Column)
- Author : Veronique de Rugy
- Release Date : January 01, 2010
- Genre: Reference,Books,Religion & Spirituality,Politics & Current Events,
- Pages : * pages
- Size : 56 KB
Description
ACROSS EUROPE, governments are announcing new austerity packages of spending cuts and higher taxes rather than Obama-style stimulus spending. In response, American economists such as Paul Krugman and Brad DeLong are warning that these policies will throw Europe back into a depression and should be avoided at all costs in the United States. "The next time you hear serious-sounding people explaining the need for fiscal austerity," Krugman wrote in The New York Times in July, "try to parse their argument. Almost surely, you'll discover that what sounds like hardheaded realism actually rests on a foundation of fantasy, on the belief that invisible vigilantes will punish us if we're bad and the confidence fairy will reward us if we're good."