Austerity
Debts, Public
Budget deficits
Income
Public Debts
Fiscal policy
Financial crises
Economic development
Economic policy
"Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all li…
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