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“Their argument is very different from Krugman’s. They argue that austerity—which is the deliberate conduct of fiscal policy to reduce the government deficit—is by no means the cause of economic recessions. They argue that the picture is much richer than that, and that, on the contrary, there are some instances where reduction in the government deficit may increase growth of the economy.” Read more...
The best books on Fiscal Policy
Sergio de Ferra, Economist
