A Deficit of Common Sense; Fiscal Austerity  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 405 no. 8808 (Oct. 2012), page 11.
Topik: International; Economic Planning; Government Executives; Political Behavior; Deficit Financing

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.74 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Arguments about austerity have taken on an almost religious fervour. To some--such as Wolfgang Schauble, Germany's finance minister, or George Osborne, his British counterpart--tough fiscal policy is the cure for excessive debt; and any easing risks betraying a confidence-sapping loss of resolve. To others, today's austerity is self-defeating. Trying to cut deficits when economies are weak will lead to stagnation, they say, and even bigger debt burdens.

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